IDIS 343 Final Real Exam | Questions with Verified 100% Correct Answers 2024

IDIS 343 Final Real Exam | Questions with Verified 100% Correct Answers 2024 Which of the following product characteristics is the most related to the utilization of the transportation equipment and the inventory space? •Value-to-weight ratio Value of the product Weight-to-volume ratio Substitutability Correct Answer Weight to Volume Ratio Which of the following products would more likely need a responsive supply chain? Ball point pens Christmas ornaments Customized birthday gifts Toilet papers Correct Answer Customized birthday gifts Which of the following is NOT associated with efficient supply chains? Finished good inventory Large shipment sizes Premium transportation Batch order processing Correct Answer Premium Transportation Which of the following product characteristics is related to perishability, flammability and ease to steal? Value-to-weight ratio Weight-to-volume ratio Risk factors Substitutability Correct Answer Risk Factors Which of the following products is NOT in its maturity stage? Laptops Electric cars Coca cola Lamps Correct Answer Electric Cars Regarding the size of the distribution network for different consumer products, which of the following ordering is correct? Distribution network size: specialty shopping convenience Distribution network size: shopping convenience specialty Distribution network size: specialty = shopping = convenience Distribution network size: convenience shopping - specialty Correct Answer Distribution network size: specialty shopping convenience Which of the following is NOT a characteristic of a responsive (supply-to-order) supply chain? Frequent premium shipping Low inventory cost Larger production runs Short lead times Correct Answer Larger production runs Logistics create value in terms of i. Form ii. Time iii. Possession iv. Place Correct Answer ii and iv Which of the following provides motivation to study logistics i customer service expectations are increasing ii length of supply chains are increasing. iii logistics adds customer value Correct Answer i, ii, and iii Which of the following is NOT a phase in product life-cycle? Introduction Growth Maturity Research and Development Correct Answer Research and Development Optimal service level occurs when______? profit is maximized all of the above marginal revenue = marginal cost slope of the revenue function is equal to the slope of the cost function Correct Answer All of the above A supplier offers a unit price of $5 when the buyer purchases fewer than 3,000 units, and the price fol unit is $4 for any quantity exceeding 3,000. This is an example of which of the following pricing methods? freight equalization pricing