RECENT EXAMS(2026/2027)
A supply chain ends with - ANSWER-a satisfied customer
Which of the following is NOT true? - ANSWER-An
increased sales effort may help a firm reach its profit goals
more easily than would effective cost cutting.
Which of the following industries has the highest supply
chain cost as a percentage of sales? - ANSWER-
Petroleum
,A response strategy requires suppliers be selected based
primarily on - ANSWER-capacity, speed, and flexibility.
Which of the following statements is NOT one of the
differentiation strategy decisions? - ANSWER-Use buffer
stocks to ensure speedy supply.
Prior to embarking on supply chain design, operations
managers must first consider - ANSWER-"make-or-buy"
and outsourcing decisions.
,What is transferring a firm's activities that have traditionally
been internal to external suppliers? - ANSWER-
Outsourcing
Which of the following statements is NOT one of the
response strategy decisions? - ANSWER-gather and
communicate market research data
The advantage of having few suppliers is to - ANSWER-
form a long-term relationship.
The advantage of having many potential suppliers is their
willingness to - ANSWER-offer lower prices in the short
run term.
, What is developing the ability to produce goods or
services previously purchased or actually buying a
supplier or a distributor? - ANSWER-vertical integration
Which of the following strategies is part collaboration, part
purchasing from few suppliers, and part vertical
integration? - ANSWER-keiretsu networks
Which of the following could reduce distribution risk? -
ANSWER-Careful selection, monitoring and effective
contracts with penalties