BUAD 331 Final Exam Review Correct 100%(RATED A+)

Focal firm (A) is likely to have most influence over: A) Tier 1 suppliers B) Tier 1 customers C) Tier 2 suppliers D) Tier 2 customers E) Initial suppliers - ANSWERA) Tier 1 suppliers Which supply chain strategy puts the MOST emphasis on effective planning, as it relies on these plans to direct the source, make, and deliver functions? A) Make to stock B) Make to order C) Assemble to order D) Ship to stock E) Buy to order - ANSWERD) Ship to stock Which supply chain strategy places the LEAST emphasis on demand planning for the sake of capacity planning? A) Ship to stock B) Buy to order C) Make to stock D) Make to order E) Assemble to order - ANSWERB) Buy to order A company that seeks to achieve competitive advantage by simultaneously maximizing value and productivity advantages is said to pursue: A) Cost Leadership B) Leadership in form, time, or place C) Undifferentiated market position D) Operational leadership E) Optimal customer value - ANSWERE) Optimal customer value What is the transportation cost theory that suggests that transportation becomes cheaper per unit of measure as the shipment distance increases? A) Tapering principle B) Economy of volume C) Economy of density D) Milano principle E) Long haul theory - ANSWERA) Tapering principle The value-added warehouse service of "kitting" refers to: A) Assembling the assortment of items that a customer is likely to order together B) Storing order-common items together in the warehouse C) Allowing products to flow directly through the warehouse and right into awaiting trucks D) Building customized products in the warehouse E) Putting the final packaging on products only after customers have placed their orders - ANSWERA) Assembling the assortment of items that a customer is likely to order tog