High School

We appreciate your visit to Instruction Match items in Column A with the correct phrases in Column B COLUMN A COLUMN B 1 Corporate Strategy G The overall direction of. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

**Instruction:** Match items in Column A with the correct phrases in Column B.

| COLUMN A | COLUMN B |
|------------------------|--------------------------------------------------------------------------|
| 1. Corporate Strategy | G. The overall direction of an organization, including long-term goals and mission |
| 2. Business Strategy | C. A plan for how the organization will compete in the marketplace (e.g., cost leadership or differentiation) |
| 3. Operations Strategy | I. The pattern of decisions to deploy resources in operations to support business strategy |
| 4. Cost Leadership | J. A competitive strategy where a firm aims to be the lowest-cost producer in its industry |
| 5. High Performance Design | A. A competitive priority focused on superior features, durability, or service excellence |
| 6. Fast Delivery Time | B. The elapsed time between a customer's order and its fulfillment |
| 7. Customization | D. The ability to satisfy unique customer needs by altering product or service designs |
| 8. Make-to-Stock Strategy | E. A manufacturing strategy where standardized products are held in inventory for immediate delivery |
| 9. Assemble-to-Order Strategy | H. A manufacturing strategy where customized products are assembled from standardized components after receiving orders |
| 10. Time-Based Strategy | F. A strategy focused on reducing time to accomplish activities like product development or delivery |

**Part IV: Short Answer Items**

**Instruction:** Read the questions carefully and write the appropriate answer in the space provided.

1. Briefly explain the concept and principles of Total Quality Management. (2 pts.)
2. Explain the concept of capacity planning. (2 pts.)
3. What is aggregate production planning? (2 pts.)

**Part V: Work Out Items**

**Instruction:** You are required to provide clear and neat answers in the space provided. (N.B. Neatness and clear presentation have value.)

1. A company is considering three production processes with the following cost structures:
- Automated (A): Fixed cost = $110,000, Variable cost = $2/unit
- Cellular (C): Fixed cost = $80,000, Variable cost = $4/unit
- Job Shop (J): Fixed cost = $75,000, Variable cost = $5/unit

a) What is the most economical process for a volume of 10,000 units per year? (1.5 pts.)

b) At what production volume is the Cellular process more economical than the Job Shop process? (1.5 pts.)

2. A factory has a design capacity of 200 units/day, an effective capacity of 180 units/day, and produces 160 units/day. Calculate utilization and efficiency. (2 pts.)

3. A company has fixed costs of Br. 200,000, a selling price per unit of Br. 75, and variable costs per unit of Br. 45. Calculate the breakeven point in units and sales in Birr. (2 pts.)

4. A factory produces 1,500 units in a day with 20 workers, each working 8 hours. Calculate the labor productivity in units per labor hour. (2 pts.)

Answer :

Part I: Matching Items

  1. Corporate Strategy matches with G. The overall direction of an organization, including long-term goals and mission.

  2. Business Strategy matches with C. A plan for how the organization will compete in the marketplace (e.g., cost leadership or differentiation).

  3. Operations Strategy matches with I. The pattern of decisions to deploy resources in operations to support business strategy.

  4. Cost Leadership matches with J. A competitive strategy where a firm aims to be the lowest-cost producer in its industry.

  5. High Performance Design matches with A. A competitive priority focused on superior features, durability, or service excellence.

  6. Fast Delivery Time matches with B. The elapsed time between a customer's order and its fulfillment.

  7. Customization matches with D. The ability to satisfy unique customer needs by altering product or service designs.

  8. Make-to-Stock Strategy matches with E. A manufacturing strategy where standardized products are held in inventory for immediate delivery.

  9. Assemble-to-Order Strategy matches with H. A manufacturing strategy where customized products are assembled from standardized components after receiving orders.

  10. Time-Based Strategy matches with F. A strategy focused on reducing time to accomplish activities like product development or delivery.

Part IV: Short Answer Items

  1. Total Quality Management (TQM) is a comprehensive system for achieving continuous improvement in customer satisfaction. It involves all employees in the process and focuses on long-term success through customer satisfaction.

  2. Capacity Planning refers to the process of determining the production capacity needed by an organization to meet changing demands for its products.

  3. Aggregate Production Planning is a marketing activity that does an aggregate plan for the production in advance of 2-18 months to give an idea to management as to what quantity of materials and other resources are to be procured and when, to ensure smooth functioning.

Part V: Work out Items

  1. a) To determine the most economical process for a volume of 10,000 units per year, compare costs:

    • Automated Process (A): Total cost = [tex]110,000 + 2 \times 10,000 = 130,000[/tex]
    • Cellular Process (C): Total cost = [tex]80,000 + 4 \times 10,000 = 120,000[/tex]
    • Job Shop Process (J): Total cost = [tex]75,000 + 5 \times 10,000 = 125,000[/tex]

    The most economical process is the Cellular Process at [tex]\$120,000[/tex].

    b) Find the volume where Cellular (C) is more economical than Job Shop (J):

    [tex]80,000 + 4x < 75,000 + 5x[/tex]

    Simplifying gives: [tex]x > 5,000[/tex]

    At volumes greater than 5,000 units, Cellular is more economical.

  2. Utilization is calculated by: [tex]\frac{160}{200} \times 100 = 80\%[/tex]

    Efficiency is calculated by: [tex]\frac{160}{180} \times 100 = 88.89\%[/tex]

  3. The Breakeven Point (in units) is calculated using the formula:

    [tex]\text{Breakeven Point (units)} = \frac{\text{Fixed Costs}}{\text{Selling Price per Unit} - \text{Variable Cost per Unit}} = \frac{200,000}{75 - 45} = 6,667 \text{ units}[/tex]

    Breakeven sales in Birr: [tex]6,667 \times 75 = 500,025 \text{ Birr}[/tex]

  4. Labor Productivity is calculated by:

    [tex]\text{Labor Productivity} = \frac{1,500}{20 \times 8} = \frac{1,500}{160} = 9.375 \text{ units per labor hour}[/tex]

Thanks for taking the time to read Instruction Match items in Column A with the correct phrases in Column B COLUMN A COLUMN B 1 Corporate Strategy G The overall direction of. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

Rewritten by : Barada