Simulation Quiz 2 with Verified Answers
1. A company's management it concludes that the company has more
team should compete serious- than enough production capacity to pro-
ly against rivals to win a pri- duce the needed pairs of branded footwear
vate-label footwear contract in and, based on its projections, determines
a particular geographic region that the company's profitability can be in-
when creased by competing for and winning pri-
vate-label contracts.
2. Based on the industry-low, the company's cost per pair sold in the pri-
industry-average, and indus- vate-label segment in North America were
try-high values for the bench- close to the industry high.
marked data that appear on p.
7 of each issue of the FIR,
which one of the following is
the strongest and most valid
signal that one or more ele-
ments of a company's costs are
too high relative to those of ri-
val companies?
3. A company opting to boost instituting production improvement option
its sales of branded footwear B at the production locations where 500
by offering buyers 500 mod- models will be produced.
els/styles to choose from
should definitely consider
4. Which one of the following is refrain from bidding to supply chain re-
NOT a way to grow a company's tailers in Europe-Africa with private-label
sales volume in the Internet footwear because such sales tarnish a
segment in the Europe-Africa company's image and brand reputation in
region? the minds of a majority of athletic footwear
buyers in this region.
5. One of the benefits of pursuing an enhanced image rating, provided com-
a strategy of social responsibil- pany spending for socially responsible ac-
ity and corporate citizenship is tivities is
meaningful and is sustained over a mul-
ti-year period.
1/4
1. A company's management it concludes that the company has more
team should compete serious- than enough production capacity to pro-
ly against rivals to win a pri- duce the needed pairs of branded footwear
vate-label footwear contract in and, based on its projections, determines
a particular geographic region that the company's profitability can be in-
when creased by competing for and winning pri-
vate-label contracts.
2. Based on the industry-low, the company's cost per pair sold in the pri-
industry-average, and indus- vate-label segment in North America were
try-high values for the bench- close to the industry high.
marked data that appear on p.
7 of each issue of the FIR,
which one of the following is
the strongest and most valid
signal that one or more ele-
ments of a company's costs are
too high relative to those of ri-
val companies?
3. A company opting to boost instituting production improvement option
its sales of branded footwear B at the production locations where 500
by offering buyers 500 mod- models will be produced.
els/styles to choose from
should definitely consider
4. Which one of the following is refrain from bidding to supply chain re-
NOT a way to grow a company's tailers in Europe-Africa with private-label
sales volume in the Internet footwear because such sales tarnish a
segment in the Europe-Africa company's image and brand reputation in
region? the minds of a majority of athletic footwear
buyers in this region.
5. One of the benefits of pursuing an enhanced image rating, provided com-
a strategy of social responsibil- pany spending for socially responsible ac-
ity and corporate citizenship is tivities is
meaningful and is sustained over a mul-
ti-year period.
1/4
