GSCM206 Quiz Week 5

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GSCM206 Quiz Week 5
(TCO 3) In the make-or-buy decision, one of the reasons for “buying” is…

 

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GSCM206 Quiz Week 5

GSCM206 Quiz Week 5

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(TCO 3) In the make-or-buy decision, one of the reasons for “buying” is

To utilize internal capacity.

To lower acquisition of new products.

To obtain desired quality.

To remove supplier collusion.

None of the above

(TCO 2) In the make-or-buy decision, one of the reasons for buying is

To ensure adequate supply.

To obtain desired quality.

To remove supplier collusion.

Adequate capacity.

None of the above

(TCO 3) Which of the following is a component of negotiation strategies?

Invoice-less bidding

Cost-based price model

Market-based price model

Competitive bidding

Cost-based price model, market-based price model, and competitive bidding

(TCO 2) The three classic types of negotiation strategies are

Vendor evaluation, vendor development, and vendor selection.

Competitive bidding, market-based price model, and cost-based price model.

Many suppliers, few suppliers, and keiretsu.

Cost-based price model, market-based price model, and inventory-based.

(TCO 2) Long-term partnering with a few suppliers is a supply-chain strategy that creates value by allowing suppliers to

Become part of a company coalition.

Enjoy the economies of scale.

Become vertically integrated.

Negotiate with many suppliers.

(TCO 3) In the make-or-buy decision, which of the following is a reason for making an item?

Management focus on its primary business

To ensure an adequate supply in terms of quantity

Inadequate capacity

Reduce inventory costs

(TCO 3) What theory states that you should allow another firm to perform work activities for your company if that company can do it more productively than you can?

Theory of competitive advantage

Theory of core competencies

Theory of comparative advantage

Theory of outsourcing

Theory of offshoring

(TCO 3) This process occurs when business activity returns to the original country.

Backsourcing

Reshoring

Homesourcing

Nearshoring

(TCO 2) Which of the following is not a concern of the supply chain?

Warehousing and inventory levels

Credit and cash transfers

Suppliers

Distributors and banks

Maintenance scheduling

(TCO 2) Keeping a product generic as long as possible before customizing is known as

Postponement.

Keiretsu.

Vendor-managed inventory.

Forward integration.

Backward integration.