Asked by Tatiana Jones on May 01, 2024
Verified
Given the position of Tesla in the growth stage of its life cycle, which of the following OM strategies or issues should Tesla (makers of electric cars) be least concerned with at the current time?
A) forecasting
B) cost cutting
C) increasing capacity
D) product and process reliability
E) enhancing distribution
Growth Stage
A phase in a business or product life cycle characterized by rapid revenue and customer base expansion, often requiring increased marketing and production to meet demand.
OM Strategies
Approaches and methods applied in operations management to ensure efficient and effective production and business operations.
Product Reliability
The likelihood of a product to perform its required functions under stated conditions for a specified period.
- Comprehend the impact of various stages in the product life cycle on strategies for operations management.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
B
Explanation :
In the growth stage of its life cycle, Tesla's main focus should be on increasing capacity and enhancing distribution to meet the growing demand for its electric cars. Forecasting and product/process reliability are crucial to ensure efficient production and quality control. However, cost-cutting may not be the top priority as the company is still in the growth stage and needs to make investments to expand its operations.
Learning Objectives
- Comprehend the impact of various stages in the product life cycle on strategies for operations management.