Faithmuthonigitonga

Price - Correct Answer -Narrowly: price is the amount of money charged for a product -Broadly: price is the sum of all values consumers exchange for a product/service Price is ____not just money - Correct Answer -Sacrifice -Ex: ordering from Amazon vs Dillards to order from Amazon you sacrifice time and ability to try on to order from Dillards you sacrifice gas, time, selection, convenience, etc. Factors affecting price - Correct Answer Internal -marketing objectives -marketing strat...

Price - Correct Answer -Narrowly: price is the amount of money charged for a product -Broadly: price is the sum of all values consumers exchange for a product/service Price is ____not just money - Correct Answer -Sacrifice -Ex: ordering from Amazon vs Dillards to order from Amazon you sacrifice time and ability to try on to order from Dillards you sacrifice gas, time, selection, convenience, etc. Factors affecting price - Correct Answer Internal -marketing objectives -marketing strat...

Supply chain management refers to: - the management of up and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole. Which of the following companies refers to itself as a "technology company merged with a supply chain"? - Amazon How does supply chain management create value? - Form, time, place, exchange The "Great Divide" in supply chain management occurs between: - demand-generating activities and dema...

Name the major challenges of Global SCM - Correct Answer Risk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences What dimension of the country assessment framework involves the strength of supply chain support business in the region? - Correct Answer Competency T/F: Supply chain solutions that work in one region can be repeated as long as you have the tec...

Name the major challenges of Global SCM - Correct Answer Risk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences What dimension of the country assessment framework involves the strength of supply chain support business in the region? - Correct Answer Competency T/F: Supply chain solutions that work in one region can be repeated as long as you have the tec...

Planning - Correct Answer This involves predicting and forecasting the future demand for a product or service to secure capacity, materials, and talent to fulfill the expected demand in a way that meets a customers expectation. (MOST UPSTREAM) Sourcing - Correct Answer aka procurement activities that involve identifying, acquiring, and managing the goods and services needed to run a business or organization. Inbound Logistics - Correct Answer Involves the management of materials from suppl...

Agility - Correct Answer The firm's ability to quickly adjust tactics and operations within its supply chain to respond or adapt to both positive & negative changes in its environment SCM Agility - Correct Answer Alertness, Accessibility, Decisiveness, Swiftness & Flexibility Key Principles of Metrics - Correct Answer Create the right cross-functional accountability, Establish a driver-based metrics framework, Set appropriate goals, Ensure that metrics cannot be gamed SCM Five Pillars ...

Which of the following is not a technique for fulfilling customer orders? A. Supply cycle time B. Anticipate form, time, and place C. Full Postponement D. Make to stock, postpone time/place - Correct Answer A. Supply cycle time Define order cycle time. A. The total cost of ownership combined with the customer value of a product B. The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled C. The total elapsed time from when the custome...

definition: Connecting directly with carefully targeted individual customers to both obtain immediate response and cultivate lasting customer relationships - Correct Answer Direct Marketing What is the fastest growing form of marketing? - Correct Answer Direct marketing -10% of U.S. economy is generated by direct marketing sales What are the forms of direct marketing? - Correct Answer -Direct-mail -Catalog -Telemarketing -mobile phone marketing Definition : Direct marketing throu...

Patagonia "Cause no unnecessary harm" Example - Correct Answer 1. Fix sustainability by going deep into the supply chain→ Suppliers 2. Farms supplying down feathers to Patagonia were force feeding Geese to fatten their livers for foie gras 3. Brokers charging migrant workers thousands of dollars for job placement in Taiwan 4. Abuse of sheep in South America Ranches, Wool sold to Patagonia Starbucks "Ethical Sourcing" Example - Correct Answer 1. Coffee must meet high standards 2. Su...

Sampling distribution of a proportion (we know the true population proportion) - Correct Answer 1. Randomization 2. 10% Condition 3. Success/Failure: Use p and q Confidence interval of proportion (we don't know the true population proportion) - Correct Answer 1. Randomization 2. 10% Condition 3. Success/Failure: Use p-hat and q-hat Hypothesis testing of a proportion (we are testing whether we know the true population proportion) - Correct Answer 1. Randomization 2. 10% Condition 3. ...

Why might a company consider expanding its supply chain internationally? - Correct Answer All of the above What is the biggest cause of difficulties in working with another culture? - Correct Answer Different ways of making decisions and approaching business Which supply chain strategy is most popular with companies today? - Correct Answer Regional strategy that groups countries into clusters What is the most common way that countries agree to increase trade? - Correct Answer Through ne...

chain - Correct Answer consists of organizations, people, activities, information, and resources involved in moving a product or service from the origins of supply all the way to the point of final consumption. SCM refers to... - Correct Answer components that are closer to the raw materials as being "upstream" and those that occur closer to the customer as being "downstream." supply chain management - Correct Answer is the systematic coordination of traditional business functions with...

The order Cycle - Correct Answer process around the interface between customer demand creation and supply chain creation of form, time, and place value to fulfill that demand Focal Point of The Order Cycle - Correct Answer the agreement between an organization and a customer to create a certain level of form, time, and place value in exchange for value back from the customer Example of the Order Cycle - Correct Answer -Could be a barter of goods. -agreement to exchange financial currency...

Why might a company consider expanding its supply chain internationally? - Correct Answer All of the above (To obtain access to lower-cost suppliers To take advantage of a skilled labor base in another country To support international expansion of sales To fend off competition from an international competitor) What is the biggest cause of difficulties in working with another culture? - Correct Answer Different ways of making decisions and approaching business Which supply chain strategy...

b. Selectively apply automation to help reduce costs and lower prices at whole foods - Correct Answer 1. In class we discussed amazons recent acquisition of whole foods. The strategy that seems the most plausible for amazon is: Focus on creating supply chains that deliver the specific form, time and place utility that each customer segment is looking for, at a price that each segment is willing to pay - Correct Answer 3. Two kinds of customers walk into grizzly fly fishing shop: college fresh...

Independent Variable - Correct Answer The experimental factor that is manipulated; the variable whose effect is being studied. Placed on the x-axis (horizontal) on a graph. Dependent Variable - Correct Answer The variable that is measured in an experiment. Placed on the y-axis (vertical) on a graph. Scientific theory - Correct Answer Must be repeatable. Possible to be disproved and capable of change. Sampling and Sample Size - Correct Answer Random sampling is the preferred, but isn't ...

Independent Variable - Correct Answer The experimental factor that is manipulated; the variable whose effect is being studied. Placed on the x-axis (horizontal) on a graph. Dependent Variable - Correct Answer The variable that is measured in an experiment. Placed on the y-axis (vertical) on a graph. Scientific theory - Correct Answer Must be repeatable. Possible to be disproved and capable of change. Sampling and Sample Size - Correct Answer Random sampling is the preferred, but isn't ...

Graticule slide - Correct Answer marked with grid line, useful for counting or estimating a quantity Preparing acid solutions - Correct Answer Always add acid to 2/3 water, then add rest of water # of Animal species - Correct Answer over 1 million species and about 30 divisions # of insects - Correct Answer 800,000 species, half of animal kingdom Characteristics of animal kingdom - Correct Answer muliticellular, heterotrophic, reproduce sexually, do not have cell walls or chloroplast...

What are the 5 steps in the Scientific Method? - Correct Answer 1. Identify a problem or pose a question based on an observation. 2. Formulate a hypotheses. 3. Conduct experiments or tests the hypotheses. 4. Observe and record the results. 5. Draw a conclusion (was the hypothesis correct?). * peer review is also important. Metric Unit deca (da): - Correct Answer x 10^1 Metric Unit hecto (h): - Correct Answer x 10^2 Metric Unit kilo (k): - Correct Answer x 10^3 Metric Unit mega...