Supply chain surplus - Study guides, Class notes & Summaries

OM 470 - Supply Chain Management - Exam 1 All Answers Correct What is a supply chain? ️All stages involved, directly or indirectly, in fulfilling a customer request Includes manufacturers, suppliers, transporters, warehouses, retailers, and customers Within each company, the supply chain includes all functions involved in fulfilling a customer request (product development, marketing, operations, distribution, finance, customer service) What is Supply Chain Management? ️Supply Cha...

WPC 480 Midterm Exam Questions And Answers 100% Solved 2024/2025 The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - answerFalse According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - answerSupply Chain Mgt _______________________ is best described as the difference between the...

____ have both tangible and intangible characteristics. - Products _____ are responsible for tactical planning that will implement the general guidelines established by top management. - Middle managers ___________ exists when there are many small businesses selling one standardized product. - Pure competition ___________ is an account showing money owed to a company by its clients or customers. - Accounts receivable A budget surplus, when a nation spends less than it takes in from taxes,...

The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - Answer-False According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - Answer-Supply Chain Mgt _______________________ is best described as the difference between the value a consumer attaches to a good and the cost to provi...

Animal Diversity, 8e (Hickman) Chapter 1 Science of Zoology and Evolution of Animal Diversity 1) A characteristic of science is that A) it is not explained by natural laws. B) its hypotheses are testable. C) its conclusions are final. D) it is not falsifiable. E) it seeks to define the vitalistic forces of life. Answer: B Section: 01.01 Topic: Principles of Science Learning Objective: 01.01 Explain that science consists in testing, possibly rejecting, and improving our simplest and be...

AQA AS LEVEL BUSINESS 7131/AQA AS LEVEL BUSINESS 7131 UNITS 1-6 LATEST UPDATED 2024 WITH VERIFIED QUESTIONS AND CORRECT ANSWERS Quality - Is measured by the extent to which an operation meets its customer requirements Quality assurance - Is the maintenance of target quality by attention to detail at every stage of the process Quality control - Is the system of maintaining standards by testing or inspecting the output against stafndards Mass customisation - Is the term for produci...

WPC 480 Midterm Exam Questions And Answers 100% Solved 2024/2025 The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - answerFalse According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - answerSupply Chain Mgt _______________________ is best described as the difference between the...

Supply Chain correct answers Consists of all parties involved, directly or indirectly, in fulfilling a customer request. Constant flow of information, product, and funds among different stages. Supply Chain Stages correct answers 1) Customers 2) Retailers 3) Wholesalers/distributors 4) Manufacturers 5) Component/raw material suppliers Value correct answers The difference between what the value of the final product is to the customer and the costs the entire supply chain incurs in filling t...

Goods will move from areas of surplus to areas of shortage as if by a mysterious "Invisible Hand" as long as three fundamental conditions are met; among these are ______. - - The "Value Proposition" is met (change in total value is greater than change in total cost) - Government does not prohibit or impede movement through regulation or taxes. Utility or Value in an economic system created by the "physical transformation of materials from raw to finished product" is called ______ value...

WPC 480 Midterm Exam Questions And Answers 100% Solved 2024/2025 The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - answerFalse According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - answerSupply Chain Mgt _______________________ is best described as the difference between the...