CORRECT DETAILED ANSWERS (VERIFIED
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Which is true regarding the impact on a company's profit: - :a $1 reduction
in costs has a greater impact than a $1 increase in sales
When assessing risks, firm should not only consider their exposure internally, but
should also consider the reactions of: - All of the above (Competitors.
Customers, Suppliers)
One strategy to manage supply chain risks is to maintain excess capacity within
the supply chain to handle unforseen events, referred to as: - redudancy
Which of the following is NOT considered in the triple bottom line? -
industrial
Improving a firm's supply managment capabilities may lead to higher sales
through all of the following EXCEPT: - Reducing inventory availability
through greater exposure to disruptive events
In managing the unknown, which method is the most difficult to implement
effectively? - adaptability