0. A manager wants the organization to focus on a small portion of its geographic zone to ensure profitability, maintain efficiency, and reduce risk. Which competitive strategy meets this long-term goal? A.Cost leadership B.Forecasting C.Differentiation D.Market segmentation
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- 31. Forecasting must take several factors into account all of the following statements are true EXCEPT:A. past demandB. planned advertising or marketing strategiesC. estimating level and trendsD. actions competitors takeIf Mr. Ishaq is the Director of Lexus Company in Nizwa, what does he need to do to predict customer sales or product demand? a. Forecasting b. Marketing c. Production d. CoordinationA pizza chain wants to forecast the demand rate for each store for each hour in the day.What type of forecasting method is it most likely to deploy?a. Automated forecastingb. Expert panel forecastingc. Weather forecastingd. Macroeconomic forecasting
- Quarter 2 Flora Co intends to expand the business to include a home delivery service. The delivery van is expected to cost $20,000 and the business has a 60% chance of the new delivery service being successful. The following decision tree has been produced to represent this decision. The final profit figures in the decision tree are based upon whether demand is good or poor for the new delivery service. Expand Cost of van ($20,000) Key D Don't expand Decision Outcome Success 0.6 Failure 0.4 A B Good 0.7 Poor 0.3 Good 0.2 Poor 0.8 $600,000 $100,000 $10,000 $8,000 $05. it is a tool that allows managers to make educated estimates on revenue and cost of the business in order to cope with uncertainties of the future a.estimating b. guesing c. forecasting d. benchmarking15) Which is not considered to be an OPSCM execution process byany of the most popular models?Select one:A. returnsB. manufacturing/production/makeC. logisticsD. procurement/acquisition/purchasingE. research & development16) Purchasing’s role is to get the lowest possible price oneverything needed by OPSCM.Select one:A. TrueB. False17) Which OPSCM macro designs / operations models /manufacturing environments use a forecast to plan for fulfillmentof demand?Select one:A. MTO & ETOB. MTO & MTSC. CTO & MTSD. ETO & MTSE. All of them use forecasts.
- which of the following are charactersitics of qualitative forecasting methods? 1. Function of past data,2. Non numerical data , 3. useful when past data is avaialable , based on 4. broad range of knowledge , personal judgement, and intuition?K 2. Setting an advertising budget is a forecasting exercise. What are the fundamental principles that should be adhered to when undertaking forecasting? Be conservative and use the best evidence-based technique available Be innovative and use multiple methods and choose the optimal one Be conservative and use multiple evidence-based techniques, taking the average result Be innovative and use multiple evidence-based techniques, taking the average resultTools Add-ons Help Accessibllity Last al text Calibri 11 BIUA = ニ三▼三 + 1 2 3 TI 4 I 5. 6. Using your own words, describe the drawbacks of the moving average forecasting model and the drawbacks of the nalve forecasting model. Provide an example to contrast these two methods. acer
- Q2 (a) Understanding the inherent strengths and weaknesses of each forecasting method is important for technology managers to ensure technological development and innovation can be conducted successfully. Compare the strengths and weaknesses of TWO (2) technology forecasting methods.A strategic planning that include decisions such as market trends, behaviour and shifts in competitive markets, emerging competition, and long-term expansions could be classified as_______. a. Mid, long, short term forecast b. Short-term forecast c. Mid-term forecast d. Long-term forecastThe solution of coping with natural differences between marketing and production functions is to do what two things? Develop an equitable set of measurements and promote strong lines of communication Merge functional areas and improve forecasting Improve forecasting and maximizing productivity Appoint a single manager for both functions andproduce tosales forecasts Provide training on team techniques and coordinate reporting.