Survey Maker Survey Templates Contact Privacy & Security

Buss3 operational strategies

A visually appealing infographic displaying concepts related to operational strategies in business, with symbols representing innovation, efficiency, and production methods in a modern and educational style.

Buss3 Operational Strategies Quiz

Test your knowledge on the operational strategies involved in business with our Buss3 quiz! This engaging quiz covers important concepts, including operational objectives, influences, and lean production methods.

Multiple choice and checkbox questions
Focus on practical business strategies
Ideal for students and professionals alike

13 Questions3 MinutesCreated by EngagingStar102

Which 3 of the following are typical operational objectives

Quality standards

Cost minimisation

Hitting a market share figure

Hitting a ROCE target

Increasing capacity and volume

A figure relating to shareholder returns

Which of the following are internal influences on operational objectives

Finance available

Competitors actions

The type of product the business sell

Market conditions

Which of the following is not an external influence on operational objectives

Market conditions

Technological change

Overall corporate objectives

Customer expectations

Which of the following is a potential disadvantage of operational strategies

Reduction in human error

Can run 24/7

High initial capital outlay

Higher levels of consistency

Lower levels of flexability

Name 1 of the three advantages to labour intensive production methods

What does FIT MATE stand for?

F-orecast I-noformation T-ime M-achine A-lgorithm TE-chinque

FI-nancial T-rading MA-nagerial TE-chnological

FI-rst T-ime MA-nagerial TE-chniques

What is the definition for production economies of scale

A reduction in costs due to increased production levels

An increase in costs due to a increase in production

A reduction in costs due to decreased production

A increase in costs due to decreased production

Which of the following are potential advantages for innovation

Creates a USP and leads to a competitive advantage

No guarantee of success

Enables the firm to charge higher prices

Can be time and financially consuming

Improves efficiency

Doesn't enable the firm to charge higher prices

Name one location factor that may influence operational objectives

Define offshoring

What are the three main types of lean production

Just in time, just in case and time-based management

Ansoff's, Kaizen and time based management

Kaizen, Just in time and time-based management

Ansoff's, time-based management and just in time

What the circles in a critical path called

Nodes

Gnomes

Activities

Currently needing done

{"name":"Buss3 operational strategies", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge on the operational strategies involved in business with our Buss3 quiz! This engaging quiz covers important concepts, including operational objectives, influences, and lean production methods.Multiple choice and checkbox questionsFocus on practical business strategiesIdeal for students and professionals alike","img":"https:/images/course1.png"}