SCM - FINAL EXAM COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
d- With regard to the cost-based price model of negotiation strategy,
which of the following is true?
a. Prices float based on what the customer is willing to pay.
b. Prices are based in some way upon market standards agreed to by both vendor
and purchaser.
c. Potential vendors each submit quotations as to price, delivery, and so on.
d. Prices are based upon vendor costs.
c- The term vertical integration means to
a. develop the ability to produce products that complement or supplement the
original product.
b. develop the ability to produce the specified good more efficiently.
c. produce goods or services previously purchased.
d. sell all products to every member of your customer chain simultaneously.
c- Which of the following is a reason for making a component rather than
buying it?
a. inadequate capacity
,b. ensure alternate sources
c. obtain desired quality
d. obtain technical or managerial ability
b- The advantage of many potential suppliers is their willingness to
a. provide technical expertise.
b. lower prices in the short term.
c. provide innovations.
d. participate in JIT.
c- Trucking
a. is the fastest growing mode of shipping.
b. is one of the least flexible transportation methods.
c. is increasingly using computers to manage its operations.
d. is the least used transport of manufacturing goods.
a- Airfreight
a. is the fastest-growing mode of shipping.
b. represents only about 10% of the tonnage shipped in the United States.
c. is the oldest means of freight transportation.
d. is the best way to transport natural gas.
, b- The negotiation strategy that bases price on a published, auction, or
index price is the
a. supply-based price model.
b. market-based price model.
c. cost-based price model.
d. competitive bidding.
b- The vendor selection stage that requires the development of evaluation
criteria and the importance of each is
a. vendor development.
b. vendor evaluation.
c. negotiations.
d. logistics.
a- A producer decides to implement new quality procedures and send
their engineers and production personnel to a supplier's plant in order to train
them on these new procedures. This activity takes place in the _________ stage
of vendor selection.
a. development
b. evaluation
c. training
d. negotiations
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
d- With regard to the cost-based price model of negotiation strategy,
which of the following is true?
a. Prices float based on what the customer is willing to pay.
b. Prices are based in some way upon market standards agreed to by both vendor
and purchaser.
c. Potential vendors each submit quotations as to price, delivery, and so on.
d. Prices are based upon vendor costs.
c- The term vertical integration means to
a. develop the ability to produce products that complement or supplement the
original product.
b. develop the ability to produce the specified good more efficiently.
c. produce goods or services previously purchased.
d. sell all products to every member of your customer chain simultaneously.
c- Which of the following is a reason for making a component rather than
buying it?
a. inadequate capacity
,b. ensure alternate sources
c. obtain desired quality
d. obtain technical or managerial ability
b- The advantage of many potential suppliers is their willingness to
a. provide technical expertise.
b. lower prices in the short term.
c. provide innovations.
d. participate in JIT.
c- Trucking
a. is the fastest growing mode of shipping.
b. is one of the least flexible transportation methods.
c. is increasingly using computers to manage its operations.
d. is the least used transport of manufacturing goods.
a- Airfreight
a. is the fastest-growing mode of shipping.
b. represents only about 10% of the tonnage shipped in the United States.
c. is the oldest means of freight transportation.
d. is the best way to transport natural gas.
, b- The negotiation strategy that bases price on a published, auction, or
index price is the
a. supply-based price model.
b. market-based price model.
c. cost-based price model.
d. competitive bidding.
b- The vendor selection stage that requires the development of evaluation
criteria and the importance of each is
a. vendor development.
b. vendor evaluation.
c. negotiations.
d. logistics.
a- A producer decides to implement new quality procedures and send
their engineers and production personnel to a supplier's plant in order to train
them on these new procedures. This activity takes place in the _________ stage
of vendor selection.
a. development
b. evaluation
c. training
d. negotiations
