11) Darrell and Dave were fierce competitors, which drove both of them to overpay for many of their inputs, resulting in increased prices at their…

11) Dave and Darrell were fierce rivals. This drove them both to pay more for their inputs which resulted in higher prices in their stores. Dave recognized this and began to think about how he could remain a price leader among his customers while still maintaining his quality merchandise reputation. Operational management recognizes that sacrificing one aspect of his strategy for another can be considered a tradeoff.

12) “I’ve not seen flavored marshmallows that big!” Alice groaned as she cleared out the grocery shelves. The other shoppers will have to eat the remaining 70 bags of mini- and standard-sized marshmallows at this winter’s hot cocoa festival. Alice is a big fan of the large-sized feature.

13. Your employer will prepare a request to proposal. This document will detail in great detail the features that your new system must have. Order qualifiers are software vendors that offer products meeting this request for proposals.

14.) Management merely tries to reduce negative potential within the supply and operations areas of the business strategy alignment.

15) Because you’ve seen it work well at other stores, you decide to open your own bookstore. Externally, your strategy might be called neutral.

16) Externally supportive alignment is preferable to externally neutral alignment.

17) “Closing the Loop” refers to the ability to feed back strengths, weaknesses and core competencies into the mission statement.

18) The structural elements of a company include:

A) policies.

B) people.

C) decision rules.

D) Computer systems.

19.) _____ is an example for an infrastructural component.

A) A building

A) Organizational structure

C) Office equipment

D) A fleet or delivery trucks

20. The following are the targets of customers and timeframes for the firm.

(A) Mission statement.

B) Core competencies.

C) Business Strategy.

D) Functional strategy.

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