Darrell and Dave were fierce competitors, which drove both of them to overpay for many of their inputs, resulting in increased prices at their own stores. Dave realized this, and pondered how he could be recognized as a cost leader by his customers and maintain his reputation for quality merchandise. Sacrificing one element of his strategy at the expense of another is recognized as a trade-off in operations management.

Question

Quizplus · Accepted Answer

The statement accurately describes a trade-off in operations management where sacrificing one element of a strategy can have a positive impact on another element.

Darrell and Dave Were Fierce Competitors, Which Drove Both of Them