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MDSE 2350 Questions & 100% Verified Correct Answers with complete solutions (Latest update
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MDSE 2350It's the businesses who provide services indirectly to the product developer including design
services, software providers, sourcing agents, factors (credit agents), patternmaking services,
testing labs, consultants and advertising agencies - ANS-What is an 'auxiliary business' in a
supply chain?
- It's the company who makes the product
- It's the businesses who provide services indirectly to the product developer including design
services, software providers, sourcing agents, factors (credit agents), patternmaking services,
testing labs, consultants and advertising agencies
- It's an extra business sometimes used instead of the best company
Product Lifecycle Management - ANS-PLM is the acronym for
- Product Line Management
- Product Linear Manager
- Product Lifestyle Management
- Product Line Manager
Wholesale - ANS-What kind of brands are created under a proprietary label and sold at
wholesale for distribution to retailers?
- Wholesale
- Retail
- Private
True - ANS-Identification of appropriate sourcing partners requires ongoing analysis and
assessment.
True/ False
- A, B, and D - ANS-An example of horizontal integration is:
A - LVMH buying Proenza Schouler
B - Dollar General buying Family Dollar
C - Disney buying Pixar
D - Steve Madden buying Dolce Vita shoes
- A, B, and D
Acquiring control of all of the steps in the production of its products - ANS-A fully vertically
integrated company seeks to consolidate and/or grow its business by:
, - Acquiring a company at a different stage in the supply chain
- Acquiring control of all of the steps in the production of its products
- Acquiring another firm/competitor at the same stage of the supply chain
- Gaining a monopoly in one stage of the supply chain
A, B, and D - ANS-The advantages of owning and developing private brands includes which of
the following?
A - customization of merchandise for their specific customer
B - higher margins
C - faster turnover
D - control the timing of markdowns
E - A, B, and D
- Created under a proprietary label and sold at wholesale to retailers - ANS-Wholesale brands
are:
- Created under a proprietary label and sold at wholesale to retailers
- Designed by a manufacturer exclusively for one retailer
- Developed and merchandised with labels owned by a retailer
- Made and sold to consumers only by the manufacture
Wikipedia - ANS-All of the following are good resources except for:
- Academic journals
- Dissertations and theses
- Collecting your own data: interviews, surveys, focus groups
- Wikipedia
growth industries - ANS-What is the term or phrase for industries which make products that
have not yet saturated the marketplace?
- mature industries
- growth industries
- retail industries
A and C. - ANS-Sourcing refers to:
A - procurement practices.
B - testing of sourced garments.
C - evaluation of supply partners.
D - A and C.
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