BUAD 331 EXAM 1 QUESTIONS AND VERIFIED
ANSWERS 2026 COMPLETE STUDY GUIDE
◉ The optimal way for supply chains management to contribute to
competitive advantage is through: Answer: Being the leader in both
cost and form/time/place value creation
◉ Which function of the supply chain is considered to be the most
"downstream"? Answer: Returns management
◉ Fiji bottled water emphasizes its unique source as an example of
which value utility? Answer: Place
◉ Which of the following best describes supply chain digitalization?
Answer: The ability to structure and exchange massive amounts of
data, to make sense of that data to drive decisions, and even to apply
data to deliver products or services
◉ Amazon creates value by providing enhanced levels of which of
the following utilities? Answer: Time and Place
◉ Which of the following organizations competes on exchange value
by providing low prices for products? Answer: Walmart
, ◉ Which function of the supply chain is considered to be the most
"upstream"? Answer: The identification, acquisition, and
management of the goods and services inputs needed to run a
business
◉ Supply Chain management contributes to financial performance
through: Answer: Growing top line revenue, reducing costs, and
improving asset turnover
◉ Supply chain management contributes to reduced environmental
impact in all of the following ways EXCEPT: Answer: Sourcing from
global areas to increase transportation miles
◉ What kinds of things can Kai and Thea do to create greater form,
time, and place value for their customers? Answer: Both expanding
the range of product offerings and offering a line of customized
equipment via a direct-to-consumer model.
◉ Which of the following is NOT a component of KT's Wicked Dive
Shop supply chain? Answer: Competitors, such as the "big box"
scuba and dive center which has recently opened
◉ Based on the case prompt, what is one way that Kai and Thea can
create customer value? Answer: Identify the form, time, and place
utility that their customers value.
ANSWERS 2026 COMPLETE STUDY GUIDE
◉ The optimal way for supply chains management to contribute to
competitive advantage is through: Answer: Being the leader in both
cost and form/time/place value creation
◉ Which function of the supply chain is considered to be the most
"downstream"? Answer: Returns management
◉ Fiji bottled water emphasizes its unique source as an example of
which value utility? Answer: Place
◉ Which of the following best describes supply chain digitalization?
Answer: The ability to structure and exchange massive amounts of
data, to make sense of that data to drive decisions, and even to apply
data to deliver products or services
◉ Amazon creates value by providing enhanced levels of which of
the following utilities? Answer: Time and Place
◉ Which of the following organizations competes on exchange value
by providing low prices for products? Answer: Walmart
, ◉ Which function of the supply chain is considered to be the most
"upstream"? Answer: The identification, acquisition, and
management of the goods and services inputs needed to run a
business
◉ Supply Chain management contributes to financial performance
through: Answer: Growing top line revenue, reducing costs, and
improving asset turnover
◉ Supply chain management contributes to reduced environmental
impact in all of the following ways EXCEPT: Answer: Sourcing from
global areas to increase transportation miles
◉ What kinds of things can Kai and Thea do to create greater form,
time, and place value for their customers? Answer: Both expanding
the range of product offerings and offering a line of customized
equipment via a direct-to-consumer model.
◉ Which of the following is NOT a component of KT's Wicked Dive
Shop supply chain? Answer: Competitors, such as the "big box"
scuba and dive center which has recently opened
◉ Based on the case prompt, what is one way that Kai and Thea can
create customer value? Answer: Identify the form, time, and place
utility that their customers value.
