Supply Chain Management, 6e (Chopra/Meindl) Chapter 2

Supply Chain Management, 6e (Chopra/Meindl) 2.1 True/False Questions 1) A company's competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services. Answer: TRUE Diff: 1 Topic: 2.1 Competitive and Supply Chain Strategies AACSB: Analytic Skills 2) The value chain emphasizes the close relationship between all the functional strategies within a company. Answer: TRUE Diff: 2 Topic: 2.1 Competitive and Supply Chain Strategies 3) A company's product development strategy defines the set of customer needs that it seeks to satisfy through its products and services. Answer: FALSE Diff: 2 Topic: 2.1 Competitive and Supply Chain Strategies 4) A company's product development strategy specifies the portfolio of new products that it will try to develop. Answer: TRUE Diff: 1 Topic: 2.1 Competitive and Supply Chain Strategies 5) A company's supply chain strategy determines the nature of procurement and transportation of materials as well as the manufacture and distribution of the product. Answer: TRUE Diff: 1 Topic: 2.1 Competitive and Supply Chain Strategies 6) The degree of supply chain responsiveness should be consistent with the implied uncertainty. Answer: TRUE Diff: 1 Topic: 2.2 Achieving Strategic Fit AACSB: Analytic Skills 7) The degree of supply chain responsiveness does not need to be consistent with the implied 2-2 uncertainty. Answer: FALSE Diff: 2 Topic: 2.2 Achieving Strategic Fit 8) To achieve complete strategic fit, a firm must ensure that all functions in the value chain have consistent strategies that support the competitive strategy. Answer: TRUE Diff: 2 Topic: 2.2 Achieving Strategic Fit