Buad - Study guides, Class notes & Summaries

BUAD 309 EXAM 1 2024 RECENT UPDATE COMPLETE QUESTIONS ANDVERIFIED CORRECT ANSWERS EXAM PRACTICES CERTIFIED STUDY GUIDE GET IT 100%

The model of advertising encoding and decoding discussed in class: a. Includes a vulnerability to the effects of "noise." b. Is used to determine how to most effectively implement sales promotion. c. Is used to examine a brand's location on the S-shaped curve of advertising effectiveness. d. Suggests that the use of triggers will be ineffective during the maturity phase of the product life cycle. e. Predicts that the effectiveness of encoding will be proportional to the natural logarithm...

Supply Chain Management refers to: A. The comprehensive management of networks of suppliers B. The meaningful integration of service with customer fulfillment C. The collaboration between operations and suppliers D. The management of up and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole E. The procurement, movement, and storage of product and information flows through the organization to maximize profit th...

Why might a company consider expanding its supply chain internationally? correct answer: To obtain access to lower-cost suppliers; To take advantage of a skilled labor base in another country; To support international expansion of sales; To fend off competition from an international competitor What is the biggest cause of difficulties in working with another culture? correct answer: Different ways of making decisions and approaching business Which supply chain strategy is most popula...

Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False correct answer: B. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources correct answer: B. Customers When purchasing and supply management works well within an organization, the company acquires the best res...

Supply chain management refers to a relatively new business phenomenon: correct answer: the management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole Which of the following is not an element of the integrated supply chain for General Mills' Honey Nut Cheerios? correct answer: dairy cow farmers The "Great Divide" in the supply chain occurs between correct answer: demand-focused activi...

Stakeholders correct answersa party that has an interest in a company and can either affect or be affected by the business. typically investors, employees, customers, suppliers, communities, governments, or trade associations. can be both INTERNAL AND EXTERNAL to the organization Internal Stakeholders correct answersPeople who work for or own the business such as employees, directors, and stockholders. direct relationship such as employment, ownership or investment External Stakeholders co...

Why do organizations perform business processes? correct answersto reach strategic business goals How is a business event related to a business process? correct answersBy analyzing business events, we can more easily identify the data needs of a business process. Name and describe the three core interdependent business processes that are common to all organizations. correct answersProcure to Pay (selling) Order to Cash (buying)

Logistics Management correct answers is the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements Supply Chain Management correct answers the management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain...