Question 1

Which of the following factors are most relevant in the purchase of widely used commodity materials?

Options :

A : Quality and service

B : Quality and availability

C : Price and service

D : Price and availability

Answer: D

Question 2

A company that produces a set of standard products, which are sold through multiple channels, would segment its sales by:

Options :

A : brand

B : product

C : customer

D : region

Answer: C

Question 3

After two firms have established an initial relationship to apply the principles of collaborative planning, forecasting, and replenishment (CPFR) for products, the next logical step is to

Options :

A : share forecasts for the products with each other

B : obtain orders for the products and enter them into the master schedule

C : create joint business plans for the products

D : negotiate prices and profit expectations for the products

Answer: C

Question 4

Organizations can take which of the following actions as an outcome of SWOT analysis?

Options :

A : Publish their internal positive factors.

B : Emphasize their internal negative factors.

C : Take advantage of external positive factors.

D : Control external negative factors.

Answer: C

Question 5

When relocating production offshore, volatility in which of the following areas most likely would impact profitability without modifying product landed costs?

Options :

A : Labor costs

B : Currency exchange rates

C : Commodity prices

D : Product quality

Answer: B

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