Exam code: 7132
Statement 1: ‘Value added can be increased by creating barriers to entry.’
Statement 2: ‘Value added can be increased by lowering unit costs.’
Read statements 1 and 2 and select the correct option from the following:
Statement 1 is true. Statement 2 is true.
Statement 1 is true. Statement 2 is false.
Statement 1 is false. Statement 2 is true.
Statement 1 is false. Statement 2 is false.
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Which of the following actions would improve the ability of a manufacturer to respond to changes in consumer demand?
Ensuring workers are highly trained in one specialised role
Maintaining high capacity utilisation levels
Outsourcing more production to other manufacturers
Reducing warehouse size in order to minimise levels of inventory
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Read the case study in the Insert (opens in a new tab).
Analyse why Logger Boards Ltd prioritises meeting environmental objectives when making operational decisions.
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Statement 1: ‘A business might improve the quality of its product in order to make its demand more price elastic.’
Statement 2: ‘A business might improve the quality of its product in order to increase added value.’
Read Statements 1 and 2 and select the correct option from the following options.
Statement 1 is true. Statement 2 is true.
Statement 1 is true. Statement 2 is false.
Statement 1 is false. Statement 2 is true.
Statement 1 is false. Statement 2 is false.
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A business plans to improve its flexibility through mass customisation. Is it inevitable that improved flexibility will worsen other measures of its operational performance?
Justify your view.
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