UTK BUAD 331 EXAM 1 (knowledge
checks and module exams) Q&A 100%
Pass
How does Zara use its supply chain capabilities to generate competitive
advantage? - ✔✔Speeding cycle times of new fashions from design to
store shelf to ensure the trendiest fashions.
Supply chain management refers to: - ✔✔the integrated management of
business functions within and across organizations
Which of the following companies refers to itself as a "technology company
merged with a supply chain"? - ✔✔Amazon
How does supply chain management create value? - ✔✔Form, time, place
The "Great Divide" in supply chain management occurs between: -
✔✔demand-generating activities and demand-fulfilling activities
What megatrend will greatly challenge supply chain managers? - ✔✔All of
the above
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,Supply chain management refers to a relatively new business
phenomenon: - ✔✔The management of upstream and downstream
relationships with suppliers and customers to deliver superior customer
value at less cost to the supply chain as a whole.
Which of the following is not an element of the integrated supply chain for
General Mills' Honey Nut Cheerios? - ✔✔Dairy cow farmers
A firm is a recognized cost leader but has a strategic goal to become a cost
and service leader. What is one initiative that could be planned and
implemented to achieve this goal? - ✔✔Offer customized services to key
customers.
Which economic reason is NOT a reason for students to buy textbooks on
Amazon.com? - ✔✔Form
Supply chain management: - ✔✔extends the linking and coordination of
materials management, manufacturing management and distribution
upstream to suppliers and downstream to customers.
Logistics/supply chain management is closely tied with marketing as it
typically fills which "P"? - ✔✔Place
Two kinds of customers walk into the Grizzly Fly-Fishing Shop: college
freshmen taking a first-time class and high-end professional executives
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, with fishing experience. In order to deliver the most value to each of these
customers, John (the store owner) should: - ✔✔focus on creating supply
chains that deliver the specific form, time and place utility that each
customer segment is looking for, at a price that each segment is willing to
pay.
Among the following examples, which refers most closely to the place utility
that supply chains provide? - ✔✔An Australian grocery store provides food
in remote towns.
A Wall Street Journal article reports on Delta's recent investment in
luggage tracking, switching to baggage tags with radio-frequency ID chips
embedded. This will allow the airline to accurately track customers'
baggage in real time. Even though the new technology costs a great deal,
Delta could save on fewer luggage claims and deliveries. What does this
example imply? - ✔✔Companies need to evaluate cost-to-serve versus
perceived benefits.
Firms have been talking about "the Great Divide" as one of their biggest
challenges. Among the following approaches, which would NOT help a
business deal with the great divide? - ✔✔Creating a production-oriented
focus across the supply chain.
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
checks and module exams) Q&A 100%
Pass
How does Zara use its supply chain capabilities to generate competitive
advantage? - ✔✔Speeding cycle times of new fashions from design to
store shelf to ensure the trendiest fashions.
Supply chain management refers to: - ✔✔the integrated management of
business functions within and across organizations
Which of the following companies refers to itself as a "technology company
merged with a supply chain"? - ✔✔Amazon
How does supply chain management create value? - ✔✔Form, time, place
The "Great Divide" in supply chain management occurs between: -
✔✔demand-generating activities and demand-fulfilling activities
What megatrend will greatly challenge supply chain managers? - ✔✔All of
the above
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,Supply chain management refers to a relatively new business
phenomenon: - ✔✔The management of upstream and downstream
relationships with suppliers and customers to deliver superior customer
value at less cost to the supply chain as a whole.
Which of the following is not an element of the integrated supply chain for
General Mills' Honey Nut Cheerios? - ✔✔Dairy cow farmers
A firm is a recognized cost leader but has a strategic goal to become a cost
and service leader. What is one initiative that could be planned and
implemented to achieve this goal? - ✔✔Offer customized services to key
customers.
Which economic reason is NOT a reason for students to buy textbooks on
Amazon.com? - ✔✔Form
Supply chain management: - ✔✔extends the linking and coordination of
materials management, manufacturing management and distribution
upstream to suppliers and downstream to customers.
Logistics/supply chain management is closely tied with marketing as it
typically fills which "P"? - ✔✔Place
Two kinds of customers walk into the Grizzly Fly-Fishing Shop: college
freshmen taking a first-time class and high-end professional executives
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, with fishing experience. In order to deliver the most value to each of these
customers, John (the store owner) should: - ✔✔focus on creating supply
chains that deliver the specific form, time and place utility that each
customer segment is looking for, at a price that each segment is willing to
pay.
Among the following examples, which refers most closely to the place utility
that supply chains provide? - ✔✔An Australian grocery store provides food
in remote towns.
A Wall Street Journal article reports on Delta's recent investment in
luggage tracking, switching to baggage tags with radio-frequency ID chips
embedded. This will allow the airline to accurately track customers'
baggage in real time. Even though the new technology costs a great deal,
Delta could save on fewer luggage claims and deliveries. What does this
example imply? - ✔✔Companies need to evaluate cost-to-serve versus
perceived benefits.
Firms have been talking about "the Great Divide" as one of their biggest
challenges. Among the following approaches, which would NOT help a
business deal with the great divide? - ✔✔Creating a production-oriented
focus across the supply chain.
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
