MDSE 2350 QUIZZ UPDATED QUESTIONS AND VERIFIED
ANSWERS
What is an 'auxiliary business' in a supply chain?
- It's the company who makes the product
- It's the businesses who provide services indirectly to the product developer including design services,
software providers, sourcing agents, factors (credit agents), patternmaking services, testing labs,
consultants and advertising agencies
- It's an extra business sometimes used instead of the best company - CORRECT ANSWER✅✅✅It's
the businesses who provide services indirectly to the product developer including design services,
software providers, sourcing agents, factors (credit agents), patternmaking services, testing labs,
consultants and advertising agencies
PLM is the acronym for
- Product Line Management
- Product Linear Manager
- Product Lifestyle Management
- Product Line Manager - CORRECT ANSWER✅✅✅Product Lifecycle Management
What kind of brands are created under a proprietary label and sold at wholesale for distribution to
retailers?
- Wholesale
- Retail
- Private - CORRECT ANSWER✅✅✅Wholesale
Identification of appropriate sourcing partners requires ongoing analysis and assessment.
True/ False - CORRECT ANSWER✅✅✅True
, An example of horizontal integration is:
A - LVMH buying Proenza Schouler
B - Dollar General buying Family Dollar
C - Disney buying Pixar
D - Steve Madden buying Dolce Vita shoes
- A, B, and D - CORRECT ANSWER✅✅✅- A, B, and D
A fully vertically integrated company seeks to consolidate and/or grow its business by:
- Acquiring a company at a different stage in the supply chain
- Acquiring control of all of the steps in the production of its products
- Acquiring another firm/competitor at the same stage of the supply chain
- Gaining a monopoly in one stage of the supply chain - CORRECT ANSWER✅✅✅Acquiring control of
all of the steps in the production of its products
The advantages of owning and developing private brands includes which of the following?
A - customization of merchandise for their specific customer
B - higher margins
C - faster turnover
D - control the timing of markdowns
E - A, B, and D - CORRECT ANSWER✅✅✅A, B, and D
Wholesale brands are:
- Created under a proprietary label and sold at wholesale to retailers
- Designed by a manufacturer exclusively for one retailer
ANSWERS
What is an 'auxiliary business' in a supply chain?
- It's the company who makes the product
- It's the businesses who provide services indirectly to the product developer including design services,
software providers, sourcing agents, factors (credit agents), patternmaking services, testing labs,
consultants and advertising agencies
- It's an extra business sometimes used instead of the best company - CORRECT ANSWER✅✅✅It's
the businesses who provide services indirectly to the product developer including design services,
software providers, sourcing agents, factors (credit agents), patternmaking services, testing labs,
consultants and advertising agencies
PLM is the acronym for
- Product Line Management
- Product Linear Manager
- Product Lifestyle Management
- Product Line Manager - CORRECT ANSWER✅✅✅Product Lifecycle Management
What kind of brands are created under a proprietary label and sold at wholesale for distribution to
retailers?
- Wholesale
- Retail
- Private - CORRECT ANSWER✅✅✅Wholesale
Identification of appropriate sourcing partners requires ongoing analysis and assessment.
True/ False - CORRECT ANSWER✅✅✅True
, An example of horizontal integration is:
A - LVMH buying Proenza Schouler
B - Dollar General buying Family Dollar
C - Disney buying Pixar
D - Steve Madden buying Dolce Vita shoes
- A, B, and D - CORRECT ANSWER✅✅✅- A, B, and D
A fully vertically integrated company seeks to consolidate and/or grow its business by:
- Acquiring a company at a different stage in the supply chain
- Acquiring control of all of the steps in the production of its products
- Acquiring another firm/competitor at the same stage of the supply chain
- Gaining a monopoly in one stage of the supply chain - CORRECT ANSWER✅✅✅Acquiring control of
all of the steps in the production of its products
The advantages of owning and developing private brands includes which of the following?
A - customization of merchandise for their specific customer
B - higher margins
C - faster turnover
D - control the timing of markdowns
E - A, B, and D - CORRECT ANSWER✅✅✅A, B, and D
Wholesale brands are:
- Created under a proprietary label and sold at wholesale to retailers
- Designed by a manufacturer exclusively for one retailer
