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MDSE 2350_ Final Exam Questions & 100% Verified Correct Answers with complete solutions (Latest update
MDSE 2350_ Final Exam Questions & 100% Verified Correct Answers with complete solutions (Latest update
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MDSE 2350: Final ExamIn a mature industry, companies compete through differential advantage. What is a 'differential
advantage"? - ANS-It's a competitive edge over other companies.
The apparel supply chain goes beyond the product itself to - ANS-Sourcing agents
Factors
Testing Laboratories
Wholesale brands are: - ANS-Created under a proprietary label and sold at wholesale to
retailers
How does a vertically integrated company seeks to consolidate and/or grow its business? -
ANS-By acquiring a company at a different stage in the supply chain
Which of the following is true of the "Apparel Supply Chain"? - ANS-It is a complex network of
suppliers and /or vendors involved directly or indirectly in fulfilling customer demand for apparel.
Differential advantage is one way that mature industries attempt to stand out from the crowd of
apparel retailers. Which of the following is not a differential advantage? - ANS-product
A collaborative supply chain (two-way flow of information) has both negatives and positives.
One of the positives is quick replenishment. Two other positives include: - ANS-better price,
more agility in responding to opportunities
How does horizontal integration help a business grow? - ANS-By acquiring another
firm/competitor at the same stage of the supply chain
Which of the following is an example of a growth industry? - ANS-hybrid cars
Determining the most cost-efficient vendor of services, materials, production or finished goods
or a combination of these, at a specified quality and service level for delivery within an identified
time frame is called: - ANS-sourcing.
Mergers and acquisitions are more likely to be motivated by - ANS-innovation and new markets
desire to compete globally
reach new customers
expand capacity or expertise in new products
Which of the following is an example of sneakerization? - ANS-Keds, turning it into a fashion
product
, An example of vertical integration is: - ANS-Hanes Brands buying a textile mill.
The role of product developers is: - ANS-To design the apparel styles
To write specifications for construction of the apparel styles
To put style selections together to form a product line
The advantages of owning and developing private brands includes which of the following? -
ANS-customization of merchandise for their specific customer.
higher margins
control the timing of markdowns
Sourcing refers to: - ANS-procurement practices.
evaluation of supply partners.
Which strategy prioritizes the acquisition or licensing of companies or brands that make or sell
similar products to expand market penetration and reduce competition? - ANS-horizontal
integration
What is "acting vertical"? - ANS-It is internal collaboration between suppliers that breaks down
the barriers between functions; it is also collaborating with external manufacturers and suppliers
of the supply chain without owning them.
When a store sells only private brand, what may these brands also be called? - ANS-store
brands
The __________ is a network of suppliers involved directly of indirectly in fulfilling customer
demand for apparel. - ANS-Apparel Supply Chain
Which of the following is true of "Product Development"? - ANS-Product Development is the
strategic, creative, technical, production and distribution planning of goods having a perceived
value for a well-defined consumer group.
Product category typically defines the use for which a product is being made - ANS-True
The three challenges of sustainability are: - ANS-Environmental, Social, Economic
The most critical point in the product development calendar is: - ANS-Delivery of the product to
the customer
The strategic business plan includes decision(s) regarding: - ANS-Category of product to
produce
Price point of product line
The standards for the products to be produced
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