MAR 3203 EXAM 4 UCF UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

MAR 3203 EXAM 4 UCF UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
Question:
MAR 3203 EXAM 4 UCF UPDATED
CORRECT ANSWERS
a buyer will offer out a contract for bidding
reverse auction
1
online auction
3




Answer:
ACTUAL QUESTIONS AND
dutch auction

, 2
private b2b exchange
4

Question:
Supply Chain Management (SCM)
Answer:
the coordination of all supply chain activities, starting with raw materials and
ending with a satisfied customer.

Question:
make or buy decision
Answer:
a decision concerning whether an item should be produced internally or
purchased from an outside supplier

Question:
Outsourcing
Answer:
obtain (goods or a service) from an outside or foreign supplier, especially in place
of an internal source.

Question:
An approach typical of traditional mass production in which a company controls
all phases of a highly complex production process.
Answer:
Vertical Integration

Question:
Keiretsu
Answer:
a Japanese consortia of businesses that is coordinated by a large trading
company to gain a strategic advantage

Question:
Virtual Companies
Answer:
Companies that rely on a variety of supplier relationships to provide services on
demand. Also known as hollow corporations or network companies.

Question:
using one supplier for a component and a second supplier for another
component, where each supplier acts as a backup for the other
Answer:
cross sourcing

Question: