Final answer:
Competitive priorities are the means by which operations implement the firm's corporate strategies. This statement is true.
Step-by-step explanation:
Competitive priorities are the means by which operations implement the firm's corporate strategies. This statement is true. Competitive priorities are the specific dimensions on which a company chooses to excel in order to gain a competitive advantage in the market. These priorities can include factors such as cost, quality, speed, flexibility, and innovation.
The statement that competitive priorities are the means by which operations implement the firm's corporate strategies is true. Competitive priorities refer to the critical operational dimensions a firm uses to win in its marketplace. They are closely linked to the firm's overall corporate strategy and include aspects such as cost, quality, delivery, and flexibility. Businesses often focus on one or a few products, leveraging their core competency, as a more successful strategy than trying to manufacture a wide range of products. This focus helps the company to optimize its resources, enhance its market position, and ensure all operational activities align with its strategic goals.