The 4 V's Level 5 Tourism and Business

The 4 V's Level 5 Tourism and Business

University

10 Qs

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The 4 V's Level 5 Tourism and Business

The 4 V's Level 5 Tourism and Business

Assessment

Quiz

Business

University

Hard

Created by

Clare Robb

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does visibility impact customer satisfaction and brand image?

It affects the value chain of a company
It provides customers with a way to track their shipments
It allows for greater adaptability in manufacturing
It increases the variety of products and services offered

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are volume and confidence in a product or service related?

The higher the volume, the higher the confidence
The lower the volume, the higher the confidence
The higher the volume, the lower the confidence
There is no relationship between volume and confidence

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a strategy for managing variation in Operations Management?

Implementing track-and-trace software
Increasing the variety of products and services offered
Focusing on high-volume manufacturing
Creating scarcity to boost sales

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a high-volume manufacturing service?

A boutique selling handmade jewelry
A fast-food restaurant
A freelance graphic designer
A sculptor creating one-of-a-kind commissions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of Operations Management in adding value to goods and services?

To control the key activities that turn resources into products or services
To improve customer satisfaction
To manage variation in demand
To increase the variety of products and services offered

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does volume impact decision making in Operations Management?

It affects the visibility of the company
It determines the variety of products and services offered
It determines the variation in demand
It shows the confidence in a product or service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of visibility in Operations Management?

It allows for greater adaptability in manufacturing
It shows the confidence in a product or service
It affects the value chain of a company
It determines the variation in demand

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