HFT 4224 EXAM 3 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
||ALREADY GRADED A+||NEWEST VERSION
Quiz: No business is good at everything..
Ans: Develop a collaborative trusting relationship with suppliers
-Allows them to be innovative and to improve quality
-Suppliers create 70%-80% of value today
Businesses now create less value relying more on suppliers than before
Quiz: Bottom Line of Suppliers:
Ans: "having weak suppliers leads to a relatively weak business." ~ Conscious
Capitalism.
Quiz: Vertical Integration
Ans: Owing and operating the entire value chain.
Something that is uncommon in today's market place.
o
o
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, Quiz: How to treat suppliers with respect
Ans: Incorporate them into your core values
-Partnering with suppliers
-Seek out Win solutions
-Don't seek short-term price cuts
-Think GM
-Don't getting into a power struggle
-Eliminate fears and give long-term deals the promote security, quality, and
innovation
Quiz: Adopting Conscious Supplier Practices
o
o
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WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
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o For online exams and tutor expert, please whatsapp
me in the number given.
, Ans: Find Opportunities to Create Value
-Container Store buying in slow periods
Paying on time
-Whole Foods-United Foods partnership
Treating suppliers fairly
-Not pinching pennies everywhere
Helping Suppliers Survive and Flourish
-POSCO, REI, Honest Tea - all looked at the individual situation and acted
accordingly
Quiz: Spreading Consciousness
Ans: When your suppliers are able to flourish, they are able to engage their
suppliers in a more conscious way
EX: paying it forward
Quiz: Golden Rule(s):
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
DETAILED ANSWERS (VERIFIED ANSWERS)
||ALREADY GRADED A+||NEWEST VERSION
Quiz: No business is good at everything..
Ans: Develop a collaborative trusting relationship with suppliers
-Allows them to be innovative and to improve quality
-Suppliers create 70%-80% of value today
Businesses now create less value relying more on suppliers than before
Quiz: Bottom Line of Suppliers:
Ans: "having weak suppliers leads to a relatively weak business." ~ Conscious
Capitalism.
Quiz: Vertical Integration
Ans: Owing and operating the entire value chain.
Something that is uncommon in today's market place.
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Quiz: How to treat suppliers with respect
Ans: Incorporate them into your core values
-Partnering with suppliers
-Seek out Win solutions
-Don't seek short-term price cuts
-Think GM
-Don't getting into a power struggle
-Eliminate fears and give long-term deals the promote security, quality, and
innovation
Quiz: Adopting Conscious Supplier Practices
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Ans: Find Opportunities to Create Value
-Container Store buying in slow periods
Paying on time
-Whole Foods-United Foods partnership
Treating suppliers fairly
-Not pinching pennies everywhere
Helping Suppliers Survive and Flourish
-POSCO, REI, Honest Tea - all looked at the individual situation and acted
accordingly
Quiz: Spreading Consciousness
Ans: When your suppliers are able to flourish, they are able to engage their
suppliers in a more conscious way
EX: paying it forward
Quiz: Golden Rule(s):
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
