Strategic Role of Operations Management (HSC SSCE Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does 'strategic' mean in a business context?
What does 'strategic' mean in a business context?
Long-term, broad aims affecting all areas
Which of these is typically a cost centre?
Which of these is typically a cost centre?
Operations department
What is cost leadership?
What is cost leadership?
Having lowest costs or being most price-competitive
Which cost category includes storage facilities and insurance?
Which cost category includes storage facilities and insurance?
Inventory costs
What does Walmart's cross-docking system achieve?
What does Walmart's cross-docking system achieve?
Reduces warehouse costs and storage time
Which characteristic applies to goods but not services?
Which characteristic applies to goods but not services?
Can be owned and stored
What does standardisation involve?
What does standardisation involve?
Producing homogeneous or identical products
How can goods be differentiated through augmented features?
How can goods be differentiated through augmented features?
Optional extras like car GPS systems
Which method differentiates services through flexibility?
Which method differentiates services through flexibility?
Ride-share choosing pickup time & location
What did Virgin Australia do during COVID-19 restructure?
What did Virgin Australia do during COVID-19 restructure?
Reduced workforce by one-third