Page 311 - GMAT 2017b_Neatb

Business Management Test

(D) low direct cost per unit (B) a company's adoption of new technology
(E) all of the above are PIMS characteristics (C) change in the product life cycle
(D) change in the competitive environment
28. Optimizing capacity would be most appropriate (E) change in job scheduling techniques
for which stage in the product life cycle?
(A) introduction 34. The acronym SWOT stands for
(B) growth (A) Special Weapons for Operations Timeliness
(B) Services, Worldwide Optimization, and
(C) maturity
Transport
(D) decline
(C) Strengths Worldwide Overcome Threats
(E) retirement
(D) Strengths, Weaknesses, Opportunities, and
Threats
29. Standardization is an appropriate strategy in
(E) None of the above
which stage of the product life cycle?
(A) introduction 35. Which of the following is a key external factor
(B) growth that should be taken into account by a corporate
(C) maturity strategy?
(D) decline (A)economic conditions
(E) retirement (B) political conditions
(C) legal environments
30. Cost minimization is an appropriate strategy in (D) competition
which stage of the product life cycle? (E) financial resources
(A) introduction
(B) growth 36. All of these preconditions affect an operations
(C) maturity management strategy except
(D) decline (A) external economic and technological
(E) retirement conditions
(B) competitors' strengths and weaknesses
31. Which of the following preconditions does not (C) accounting policies
affect the formulation of an OM strategy? (D) knowledge of the company's strategy
(A) knowledge of each product's life cycle (E) knowledge of each product's life cycle
(B) external economic and technological
conditions 37. Which of the following statements is true about
(C) the company's employment benefits operations strategy?
(D) competitors' strengths and weaknesses (A) It should support the corporate strategy.
(E) knowledge of the company's strategy (B) It should help achieve the operation's
mission.
32. Competitive product improvements and options (C) It should be integrated with the other
are best introduced in the stage in the product functional areas' strategies.
life cycle. (D) It should promote competitive advantage.
(A) introduction (E) All of the above are true.
(B) growth
(C) maturity 38. The two internal elements of SWOT analysis
are
(D) decline
(A) weaknesses and threats
(E) incubation
(B) opportunities and threats
(C) strengths and opportunities
33. Which of the following changes does not result in
(D) strengths and weaknesses
strategy changes?
(A) change in the company's financial situation
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