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MGT 295 Final Questions with Correct Answers |
Updated (100% Correct Answers)
Globalization - The Good Answer: Gives companies access to resources, lowers
consumer prices, and improves livelihoods in exporting countries.
Globalization - The Bad Answer: Creates intense global competition.
Globalization - The Ugly Answer: Reflects unsafe labor conditions and
exploitation risks in global supply chains (e.g., Rana Plaza).
Resource Chaser Strategy Answer: Locates operations where labor or materials
are cheapest; focuses on cost efficiency.
Market Chaser Strategy Answer: Locates operations near customer markets to
improve responsiveness and local presence.
Hybrid Global Network Answer: A blend of resource- and market-chasing
strategies (e.g., Embraer).
Configuration in Network Design Answer: Decides where in the world value-
added activities should be located.
Coordination in Network Design Answer: Determines how dispersed facilities
should work together to create value.
Global Network Design Process Answer: A multi-stage process: get strategy
right, select country, community, and site.
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Multicriteria Analysis (Weighted-Factor) Answer: A structured tool using
weighted variables to compare global locations.
Integrated Business Planning (IBP) Answer: Aligns sales, marketing, operations,
supply chain, and finance into a unified plan.
S&OP (Sales & Operations Planning) Answer: Internal cross-functional planning
process aligning demand and supply.
CPFR (Collaborative Planning, Forecasting, Replenishment) Answer: External
collaboration with suppliers/customers for forecasting and supply planning.
Costs of Stockouts Answer: Includes lost revenue, lost loyalty, and damaged
reputation.
Costs of Overstocks Answer: Includes holding costs, markdowns, disposal costs,
and opportunity cost.
Forecasting Process Answer: A five-step process: decide what to forecast,
evaluate data, choose model, generate forecast, monitor accuracy.
Demand Trend Answer: A long-term upward or downward movement in
demand.
Seasonality Answer: A repeating demand pattern that occurs at fixed intervals
(e.g., yearly, weekly).
Cyclical Demand Answer: Irregular long-term cycles caused by economic or
market factors.
© 2026 All rights reserved
MGT 295 Final Questions with Correct Answers |
Updated (100% Correct Answers)
Globalization - The Good Answer: Gives companies access to resources, lowers
consumer prices, and improves livelihoods in exporting countries.
Globalization - The Bad Answer: Creates intense global competition.
Globalization - The Ugly Answer: Reflects unsafe labor conditions and
exploitation risks in global supply chains (e.g., Rana Plaza).
Resource Chaser Strategy Answer: Locates operations where labor or materials
are cheapest; focuses on cost efficiency.
Market Chaser Strategy Answer: Locates operations near customer markets to
improve responsiveness and local presence.
Hybrid Global Network Answer: A blend of resource- and market-chasing
strategies (e.g., Embraer).
Configuration in Network Design Answer: Decides where in the world value-
added activities should be located.
Coordination in Network Design Answer: Determines how dispersed facilities
should work together to create value.
Global Network Design Process Answer: A multi-stage process: get strategy
right, select country, community, and site.
© 2026 All rights reserved
, 2
Multicriteria Analysis (Weighted-Factor) Answer: A structured tool using
weighted variables to compare global locations.
Integrated Business Planning (IBP) Answer: Aligns sales, marketing, operations,
supply chain, and finance into a unified plan.
S&OP (Sales & Operations Planning) Answer: Internal cross-functional planning
process aligning demand and supply.
CPFR (Collaborative Planning, Forecasting, Replenishment) Answer: External
collaboration with suppliers/customers for forecasting and supply planning.
Costs of Stockouts Answer: Includes lost revenue, lost loyalty, and damaged
reputation.
Costs of Overstocks Answer: Includes holding costs, markdowns, disposal costs,
and opportunity cost.
Forecasting Process Answer: A five-step process: decide what to forecast,
evaluate data, choose model, generate forecast, monitor accuracy.
Demand Trend Answer: A long-term upward or downward movement in
demand.
Seasonality Answer: A repeating demand pattern that occurs at fixed intervals
(e.g., yearly, weekly).
Cyclical Demand Answer: Irregular long-term cycles caused by economic or
market factors.
© 2026 All rights reserved
