Exam (elaborations)
MDSE 2350 Quizzes
Exam of 3 pages for the course mdse at mdse (MDSE 2350 Quizzes)
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MDSE 2350 QuizzesLi & Fung - ANS-Which of the following is an example of a company offering supply chain
management?
Diversification - ANS-a growth strategy in which a firm expands its product mix to capitalize on
brand recognition, increase sales and thus enhance efficiencies for greater profit.
PLM - ANS-Product Lifecycle Management
Apparel Supply Chain - ANS-It is a complex network of suppliers and /or vendors involved
directly or indirectly in fulfilling customer demand for apparel.
Sourcing - ANS-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
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
The most critical point in the product development calendar is - ANS-Delivery of the product to
the customer
The first question that is asked - ANS-who is the costumer?
False - ANS-Creative planning includes developing fit standards
Mass merchant - ANS-The majority of garments sold in the United States today are purchased
from a
Technical Planning - ANS-______________ refers to developing fit standards, material
specifications and construction specifications
Creative planning - ANS-Tracking and interpreting trends for the company's target market and
developing styles to be produced refers to...
production planning - ANS-_________ links merchandising, creative design and technical
design decision to the actual construction of the products
merchandising plan - ANS-A plan that identifies the resources needed to meet company profit,
sales and margin objectives for a specific season by company division is called
_______________.
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