1. Which of the following is NOT one of the three main elements of radical design?
a. Changes to existing process
b. Training
c. Measuring the results using the predetermined metrics
d. A vision of which specific performance metrics will best reflect the success of overall business strategy
2. Firms choose to compete in international markets to ______.
A. Find high-value expensive resources.
B. extend the lifespan of their machinary.
C. improve sales in the home market.
D. raise profits by lowering costs.
3. In which of the following circumstances can a firm best achieve economies of scale?
a. When the firm is able to spread the costs of investments in plant across many sales.
b. When the firm creates highly customized products for a niche audience in the market.
C. When the firm creates a better quality products due to higher quality equipment.
d. When the firm is able to real the benefit of investing in research through higher customer satisfaction.