SCM FINAL UPDATED ACTUAL Questions and CORRECT Answers
With regard to the cost-based price model of negotiation
strategy, which of the following is true?
a. Prices float based on what the customer is willing to
pay.
d b. Prices are based in some way upon market standards
agreed to by both vendor and purchaser.
c. Potential vendors each submit quotations as to price,
delivery, and so on.
d. Prices are based upon vendor costs.
The term vertical integration means to
a. develop the ability to produce products that comple-
ment or supplement the original product.
c b. develop the ability to produce the specified good more
eflciently.
c. produce goods or services previously purchased.
d. sell all products to every member of your customer
chain simultaneously.
Which of the following is a reason for making a compo-
nent rather than buying it?
c a. inadequate capacity
b. ensure alternate sources
c. obtain desired quality
d. obtain technical or managerial ability
The advantage of many potential suppliers is their willing-
ness to
b
a. provide technical expertise.
b. lower prices in the short term.
, c. provide innovations.
d. participate in JIT.
Trucking
a. is the fastest growing mode of shipping.
c b. is one of the least flexible transportation methods.
c. is increasingly using computers to manage its opera-
tions.
d. is the least used transport of manufacturing goods.
Airfreight
a. is the fastest-growing mode of shipping.
a b. represents only about 10% of the tonnage shipped in
the United States.
c. is the oldest means of freight transportation.
d. is the best way to transport natural gas.
The negotiation strategy that bases price on a published,
auction, or index price is the
b a. supply-based price model.
b. market-based price model.
c. cost-based price model.
d. competitive bidding.
The vendor selection stage that requires the development
of evaluation criteria and the importance of each is
b a. vendor development.
b. vendor evaluation.
c. negotiations.
d. logistics.
a
With regard to the cost-based price model of negotiation
strategy, which of the following is true?
a. Prices float based on what the customer is willing to
pay.
d b. Prices are based in some way upon market standards
agreed to by both vendor and purchaser.
c. Potential vendors each submit quotations as to price,
delivery, and so on.
d. Prices are based upon vendor costs.
The term vertical integration means to
a. develop the ability to produce products that comple-
ment or supplement the original product.
c b. develop the ability to produce the specified good more
eflciently.
c. produce goods or services previously purchased.
d. sell all products to every member of your customer
chain simultaneously.
Which of the following is a reason for making a compo-
nent rather than buying it?
c a. inadequate capacity
b. ensure alternate sources
c. obtain desired quality
d. obtain technical or managerial ability
The advantage of many potential suppliers is their willing-
ness to
b
a. provide technical expertise.
b. lower prices in the short term.
, c. provide innovations.
d. participate in JIT.
Trucking
a. is the fastest growing mode of shipping.
c b. is one of the least flexible transportation methods.
c. is increasingly using computers to manage its opera-
tions.
d. is the least used transport of manufacturing goods.
Airfreight
a. is the fastest-growing mode of shipping.
a b. represents only about 10% of the tonnage shipped in
the United States.
c. is the oldest means of freight transportation.
d. is the best way to transport natural gas.
The negotiation strategy that bases price on a published,
auction, or index price is the
b a. supply-based price model.
b. market-based price model.
c. cost-based price model.
d. competitive bidding.
The vendor selection stage that requires the development
of evaluation criteria and the importance of each is
b a. vendor development.
b. vendor evaluation.
c. negotiations.
d. logistics.
a
