FOR EXAM 2 WITH VERIFIED
ANSWERS
\.Kai and Thea are developing a supplier selection process. Which of the following
factors is NOT a consideration for selecting suppliers for the different commodities
they need to buy?
The supplier's sustainability initiatives.
The quoted price per unit.
The reliability of the goods.
The quality of the goods.
The marketing strategy of their suppliers. - ANSWERS✔-The marketing strategy of
their suppliers.
\.Which of the following is a key challenge that Kai and Thea face in improving
their purchasing activities?
All of these answer choices are correct.
They need to determine what and how much to procure of non-sales related
commodities.
They need to identify which suppliers to buy from, and what relationships to form.
, They need to determine how often to buy. - ANSWERS✔-All of these answer
choices are correct.
\.Which of the following is a purchasing strategy that Kai and Thea could use to
improve the effectiveness and efficiency of their purchasing activities?
Aggregate spend of commonly purchased items.
Negotiate better pricing with their suppliers.
Centralize their purchasing activities.
Develop long-term, strategic relationships with key suppliers.
All of these answer choices are correct. - ANSWERS✔-All of these answer choices
are correct.
\.Which of the following would not be classified as indirect spend for KT's Wicked
Dive Shop?
Administrative services.
Goods for resale, such as scuba masks.
Office equipment for the retail store and storeroom.
Shop cleaning supplies. - ANSWERS✔-Goods for resale, such as scuba masks.
\.True or False:
Kai and Thea also intend to offer diving instruction at a local pool, qualification
dives, and dive trips to various locations on the East Coast and even the