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A. Fixed position layout is adopted when a product is very heavy and involves the assembly of small number of parts
Select one:
a. True
b. False
B. SO stands for
Service Opportunities
Sold Opportunities
Strengths Opportunities
The Correct Answer and Explanation is:
Answer: a. True
B. SO stands for Strengths Opportunities (in SWOT analysis).
Explanation
Fixed Position Layout:
Fixed position layout is a type of production layout used when the product is large, heavy, bulky, or difficult to move. Instead of moving the product through different workstations, the product stays in one place, and workers, materials, and equipment come to the product to perform their tasks. This layout is typical in construction projects, shipbuilding, airplane manufacturing, or any industry where the product is immovable or very hard to transport during the production process.
This layout is suitable when the product involves assembling a small number of parts but requires heavy equipment and specialized labor. It contrasts with process or product layouts where the items move through different machines or stations.
Meaning of SO:
In the context of business strategy and SWOT analysis, SO stands for Strengths-Opportunities. SWOT is a strategic planning tool used to evaluate the internal and external factors influencing a business. It stands for:
- S: Strengths – internal advantages the organization has
- W: Weaknesses – internal limitations or disadvantages
- O: Opportunities – external chances to grow or improve
- T: Threats – external risks or challenges
The SO quadrant specifically represents strategies that use internal strengths to capitalize on external opportunities. For example, a company might use its strong brand reputation (strength) to enter a new growing market (opportunity). SO strategies aim to maximize the company’s potential by leveraging what it does well to exploit favorable conditions outside.
Other Options:
- Service Opportunities – is a general term but not a standard acronym in SWOT or management terminology.
- Sold Opportunities – is not a recognized business term.
Therefore, in the context of SWOT analysis and strategic planning, SO stands for Strengths-Opportunities.
