1.An example of a firm leveraging their competitive advantage would be when Subw
ID: 346659 • Letter: 1
Question
1.An example of a firm leveraging their competitive advantage would be when Subway Sandwich shops introduced their breakfast sandwich menu. T/F
2. The benefit of performing a process flow chart is two-fold: to layout a process documenting, and to find the issues or inefficiencies within a process or function. T/F
3. An elevator algorithm is an example of a pooled queue.T/F
4. Firms with variable capacity are best suited to execute yield management in their services T/F
Could you please be kind enough and answer these questions by True or False? Thank you so much for reading this and have a good one!
Explanation / Answer
TRUE: Subway addresses healthy, fresh, custom-made sandwiches expectations of consumers through a number of approaches. The Subway concept of serving fresh made sandwiches on fresh baked bread, made right in front of the customers and introducing their breakfast sandwich menu are great example of a firm leveraging their competitive advantage. TRUE: Flowcharts serve as a good program documentation, which is needed for various purposes, making things more efficient. With the help of flowchart, problem can be scrutinized in more effective way therefore reducing cost and wastage of time. It helps the programmer to put efforts more efficiently on certain parts. FALSE: The elevator algorithm is a disk scheduling algorithm and is an example of priority queue. TRUE: Yield management involves strategic control of inventory to sell the right product to the right customer at the right time for the right price and hence are best suited for firms with variable capacity.
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