Operational Objectives (AQA A-Level Business): Quizzes

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Setting operational objectives
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What is added value in operations?

Difference between selling price & input cost

Besides operations, which function can create added value by building brand awareness and a USP?

Marketing

What does the 'M' in SMART objectives stand for?

Measurable

Which method helps reduce unit costs according to cost objectives?

Increasing capacity utilisation

Fixed costs are £100,000. At 60% capacity (6,000 units), what is the fixed cost per unit?

£16.67

Which of these is a quality objective measure in operations?

Number of customer complaints

What does speed of response measure in operations?

Time from order placement to receipt

What does dependability in operations relate to?

Reliability of products & services

Which is an example of an environmental objective?

Reducing packaging waste

Operational objectives must align with what?

Corporate objectives

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