PROFESSIONAL PROGRAM – Page 26

BMIS – SA – Q9.2 – Operations Strategy

Identifies what is not associated with TQM.

Question

Which one of the following is not associated with total quality management (TQM)?

A Business process re-engineering (BPR)

B Statistical quality control

C Continuous improvement

D Documentation and verification of quality procedures

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Process Re-engineering, Continuous Improvement, Quality Control, Total Quality Management, TQM
Level: Level 1

Topic: Operations strategy

BMIS – SA – Q9.1 – Operations Strategy

Defines quality in operations strategy context.

Question

Quality is best defined by which one of the following statements?

A The utilisation of 100% of manufacturing capacity

B The manufacture of products that are 100% reliable

C Zero customer complaints

D Meeting the expectations of customers

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive advantage, Customer Expectations, Operations Strategy, Quality management, TQM
Level: Level 1

Topic: Operations strategy

BMIS – L1 – SA – Q8.5 – Finance, R&D and Marketing Strategies

Identifies which activity is not a promotional activity.

Question

Promotional activities include all of the following except:

A face-to-face selling by sales representatives

B sponsoring a sporting event

C selling the product in a place that rival companies do not use

D sending brochures and leaflets by direct mail

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advertising, Business Strategy, Consumer Engagement, Direct Mail, Market Penetration, Marketing mix, Place Strategy, Promotional Activities, Sales Strategy, Sponsorship
Level: Level 1

Topic: Finance

BMIS – L1 – SA – Q8.4 – Finance, R&D and Marketing Strategies

Evaluates if a hard sell combined with advertising is the best business approach.

Question

The best way to do business is a combination of the ‘hard sell’ by sales representatives supported by advertising and sales promotion activities.

A True

B False

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advertising, Business Strategy, Competitive Business, Consumer Focus, Hard Sell, Market Approach, Marketing Concept, Sales Promotion, Sales Tactics, Selling Concept
Level: Level 1

Topic: Finance

BMIS – L1 – SA – Q8.3 – Finance, R&D and Marketing Strategies

Identifies which element is not part of the marketing mix.

Question

Which ONE of the following is NOT a main element in the marketing mix?

A Price

B Packaging

C Place

D Promotion

Answer

Find Related Questions by Tags, levels, etc.

Tags: 4 Ps, Business Strategy, Consumer Behavior, Market Planning, Marketing mix, Marketing strategy, Packaging, Place, Price, Product, Promotion
Level: Level 1

Topic: Finance

BMIS – L1 – SA – Q8.2 – Finance, R&D and Marketing Strategies

Identifies the business strategy favored by competitive businesses.

Question

Which approach to business strategy and business thinking is favoured by most competitive businesses?

A The marketing concept

B The selling concept

C The manufacturing concept

D The production concept

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Philosophy, Business Strategy, Business Thinking, Competitive Business, Consumer Focus, Customer-Centric, Market Orientation, Marketing Concept, Selling Concept, Strategic Approach
Level: Level 1

Topic: Finance

BMIS – L1 – SA – Q8.1 – Finance, R&D and Marketing Strategies

Determines if a core competence involves performing all non-core activities internally.

Question

A core competence is when an organisation performs all non-core activities itself.

A True

B False

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Operations, Business Strategy, Competitive advantage, Core Competence, Finance, Management, Marketing, Organizational Skills, R&D, Strategic Thinking
Level: Level 1

Topic: Finance

BMIS – L1 – SA – Q7.5 – Competitive advantage

Conditions for successful focused differentiation strategy

Question

According to Bowman’s strategic clock, what conditions should apply for an entity to pursue successfully a strategy of focused differentiation?
A The product should have high added value, with a high price
B The product should have standard or average added value, with a high price
C The product should have high added value, with an average price
D The product should have standard or average added value, with an average price

Answer

Find Related Questions by Tags, levels, etc.

Tags: Added value, Bowman’s strategic clock, Competitive strategy, Focused differentiation, Pricing
Level: Level 1

Topic: Competitive advantage and strategic direction

BMIS – L1 – SA – Q7.4 – Competitive advantage

Industry suitability for a lock-in strategy

Question

In which one of the following industries might a lock-in strategy be most appropriate?

A Subscription television service

B Aircraft manufacture

C Wheat production

D Wine making

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive advantage, Customer Retention, Industry analysis, Lock-in strategy, Switching costs
Level: Level 1

Topic: Competitive advantage and strategic direction

BMIS – L1 – SA – Q7.3 – Strategic direction

Type of business collaboration for patent rights sale

Question

Company X manufactures a product for which it has world-wide patent rights but sells it only in its own country. It sells to a foreign company, Company Y, the right to make and sell the product in its own country. This form of business collaboration is:

A a licensing agreement

B a franchise agreement

C a strategic alliance

D a joint venture

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business collaboration, Franchise, Joint venture, Licensing agreement, Strategic alliance
Level: Level 1

Topic: Competitive advantage and strategic direction

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BMIS – SA – Q9.2 – Operations Strategy

Identifies what is not associated with TQM.

BMIS – SA – Q9.1 – Operations Strategy

Defines quality in operations strategy context.

BMIS – L1 – SA – Q8.5 – Finance, R&D and Marketing Strategies

Identifies which activity is not a promotional activity.

BMIS – L1 – SA – Q8.4 – Finance, R&D and Marketing Strategies

Evaluates if a hard sell combined with advertising is the best business approach.

BMIS – L1 – SA – Q8.3 – Finance, R&D and Marketing Strategies

Identifies which element is not part of the marketing mix.

BMIS – L1 – SA – Q8.2 – Finance, R&D and Marketing Strategies

Identifies the business strategy favored by competitive businesses.

BMIS – L1 – SA – Q8.1 – Finance, R&D and Marketing Strategies

Determines if a core competence involves performing all non-core activities internally.

BMIS – L1 – SA – Q7.5 – Competitive advantage

Conditions for successful focused differentiation strategy

BMIS – L1 – SA – Q7.4 – Competitive advantage

Industry suitability for a lock-in strategy

BMIS – L1 – SA – Q7.3 – Strategic direction

Type of business collaboration for patent rights sale

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Identifies what is not associated with TQM.

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Defines quality in operations strategy context.

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Identifies which activity is not a promotional activity.

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Evaluates if a hard sell combined with advertising is the best business approach.

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Identifies which element is not part of the marketing mix.

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Identifies the business strategy favored by competitive businesses.

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Determines if a core competence involves performing all non-core activities internally.

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Conditions for successful focused differentiation strategy

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Industry suitability for a lock-in strategy

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Type of business collaboration for patent rights sale

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