Page 309 - GMAT 2017b_Neatb
P. 309
Business Management Test
(D) External conditions are shaped by corporate 13. Which of the following statements best
mission. characterizes delivery reliability?
(E) Corporate mission is shaped by functional (A) a company that always delivers on the same
strategies. day of the week
(B) a company that always delivers at the
8. According to the authors, which of the following promised time
strategic concepts allow firms to achieve their (C) a company that delivers more frequently
missions? than its competitors
(A) productivity, efficiency, and quality (D) a company that delivers faster than its
leadership competitors
(B) differentiation, cost leadership, and quick (E) a company that has a computerized delivery
response scheduling system
(C) differentiation, quality leadership, and
quick response 14. Which of the following is an example of
(D) distinctive competency, cost leadership, and competing on the basis of differentiation?
experience (A) A firm manufactures its product with less
(E) differentiation, distinctive competency, raw material waste than its competitors.
quality, leadership, and capacity (B) A firm's products are introduced into the
market faster than its competitors'.
9. A firm can effectively use its operations function (C) A firm's distribution network routinely
to yield competitive advantage via all of the delivers its product on time.
following except (D) A firm offers more reliable products than its
(A) customization of the product competitors.
(B) set equipment utilization goals below the (E) A firm advertises more than its competitors.
industry average
(C) speed of delivery 15. Which of the following statements best
(D) constant innovation of new products characterizes delivery speed?
(E) maintain a variety of product options (A) a company that uses airlines, not trucks, to
move
10.Which of the following is not an operations (B) a company that delivers frequently
strategy? (C) a company that delivers faster than its
(A) response competitors.
(B) low-cost leadership (D) a company that always delivers on the
(C) differentiation promised due date.
(D) technology (E) a company that has computerized delivery
(E) marketing scheduling system.
11. Which of the following is not a key way in which 16. Which of the following is the best example of
business organizations compete with one-another? competing on low-cost leadership?
(A) production cost (A) a firm produces its product with less raw
(B) quality material waste than its competitors
(C) product duplication (B) a firm offers more reliable products than its
(D) flexibility competitors
(E) time to perform certain activities (C) a firm's products are introduced into the
market faster than its competitors’
12.A strategy is a(n) (D) a firm's research and development
(A) set of opportunities in the marketplace department generates many ideas for new
(B) broad statement of purpose products
(E) a firm advertises more than its competitors
(C) simulation used to test various product line
options
(D) plan for cost reduction
(E) action plan to achieve the mission
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