BUAD 331 Exam 1| 100% Solved Version
When a company is successful they either have a cost-advantage or value advantage or
________ Correct Ans-both
Cost Advantage Correct Ans-One competitor that has the ability to be the low-cost
producer
· This competitor has the greatest sales volume in the sector
· Experience curve
Identities how to predict improvements in the rate of the output of workers as they become
more skilled in their job
Value Advantage Correct Ans-Customers buy benefits
· Buy products for the promise of achieving a goal
o Ability to create better service and lower cost//assets
Time Utility Correct Ans-§ Ensuring product availability when it is ordered
§ Demands vary on weather, seasons and everyday wants/needs
Place Utility Correct Ans-Value placed on the company a product is purchased from
§ Stores allow consumers to have easier access to purchasing products by not having them
need to go to the warehouse
, BUAD 331 Exam 1| 100% Solved Version
Form Utility Correct Ans-Value of a finished product
§ Consumer buys whole product so they don't have to buy the individual parts
§ Fiji Water
Integration Correct Ans-Establishment and implementation of "end to end" planning
framework
§ Links and coordinates to extend upstream to suppliers and downstream to customers
§ Filled with inventory
Operation Correct Ans-Creating demand
§ Customer satisfaction and sales
§ Upstreamà procurement, raw materials to products
Supply Chain vs Logistics Correct Ans-o Logistics is a specialized part of the entire process.
It focuses on the transportation and storage of goods
The 4 R's Correct Ans-Risk, Relationship, Responsible and Reliable
Service Correct Ans-Availability, support and commitment that is provided to customers
Cost Correct Ans-Transaction costs including the price and life cycle costs
When a company is successful they either have a cost-advantage or value advantage or
________ Correct Ans-both
Cost Advantage Correct Ans-One competitor that has the ability to be the low-cost
producer
· This competitor has the greatest sales volume in the sector
· Experience curve
Identities how to predict improvements in the rate of the output of workers as they become
more skilled in their job
Value Advantage Correct Ans-Customers buy benefits
· Buy products for the promise of achieving a goal
o Ability to create better service and lower cost//assets
Time Utility Correct Ans-§ Ensuring product availability when it is ordered
§ Demands vary on weather, seasons and everyday wants/needs
Place Utility Correct Ans-Value placed on the company a product is purchased from
§ Stores allow consumers to have easier access to purchasing products by not having them
need to go to the warehouse
, BUAD 331 Exam 1| 100% Solved Version
Form Utility Correct Ans-Value of a finished product
§ Consumer buys whole product so they don't have to buy the individual parts
§ Fiji Water
Integration Correct Ans-Establishment and implementation of "end to end" planning
framework
§ Links and coordinates to extend upstream to suppliers and downstream to customers
§ Filled with inventory
Operation Correct Ans-Creating demand
§ Customer satisfaction and sales
§ Upstreamà procurement, raw materials to products
Supply Chain vs Logistics Correct Ans-o Logistics is a specialized part of the entire process.
It focuses on the transportation and storage of goods
The 4 R's Correct Ans-Risk, Relationship, Responsible and Reliable
Service Correct Ans-Availability, support and commitment that is provided to customers
Cost Correct Ans-Transaction costs including the price and life cycle costs
