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CPRO2-1

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fickernuit's version from 2017-10-19 02:35

Section

Question Answer
Activities that relate to the creation of goods and services through the transformation of inputs to outputsOperating Management
Creation of goods and servicesProduction
Economic activities that typically produce an intangible productServices
Ratio of outputs divided by inputsProductivity
Sets of activities that create value in the form of goods and services by transforming input to outputOperations Management
Product Strategy OptionsDifferentiation, Low cost, Rapid Response
To Develop and implement a product strategy that meets the demands of a market place with a competitive advantageProduct design
Lists products in descending order of their individual dollar contribution to the firmProduct by Value Analysis
Small variations do not affect the productRobust Design
Production design in segmented componentsModular Design
Shorter development cycle, improved accuracy, lower costComputer Aided Design (CAD)
Special Computers and program to control manufacturing equipment, often driven by CADComputer Aided Manufacturing
Focuses on design improvement during productionValue Analysis
Allows people to see finished design before a physical modelVirtual Reality Technology
Course of action strategy that may be chosen by the decision makerAlternative
An occurence or a situation over which the decision maker has little or no controlState of nature
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