Question

What are the major priorities associated with operations strategy? How are they related to each other? For each, describe the unique characteristics of the market niche with which it is most compatible.

Answer 1

Cost: Low cost task is favorable position of a business. Organizations that can give great and administrations that is less expensive than similar merchandise or administrations compared to contenders will have leeway. For instance: Taco Bell, Wallmart and so on.

Quality: Companies will offer merchandise and enterprises with higher quality which clients are eager to pay more for those items. Clients may need a design quality or procedure quality. Clients are eager to pay more for prevalent quality item which is superior to different brands, for example, Rolex, BMW or Hermes.

Conveyance: The organizations will have advantage on the off chance that they could convey the items quicker than different organizations which is called conveyance speed. Next to that, the organization's capacity convey item when guaranteed ( no should be quick, in the nick of time) which is called conveyance dependability.

Change sought after: The organization will have advantage on the off chance that they have ability to response to the change popular.