Exam (elaborations)
Testbank Chapter 2 GSCM
- Course
- Institution
- Book
Testbank Chapter 2 GSCM
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Global Supply Chain Management; Chapter summary
-
Summary Global Supply Chain Management VU IBA
-
TRL3709 Prescribed Book - Supply Chain Management: Strategy, Planning, and Operation, Chopra, S. 7th Edition
4 reviews
By: nathaliestoppelenburg • 2 year ago
By: shahdelbahtiti15 • 2 year ago
By: donia_abdelgalil2022 • 2 year ago
By: shukrimh99 • 2 year ago
Seller
Follow
AquilaEducation
Reviews received
Content preview
Supply Chain Management, 6e, Global Edition (Chopra/Meindl)Chapter 2 Supply Chain Performance: Achieving Strategic Fit and Scope
2.1 True/False Questions
1) A company's competitive strategy defines the set of customer needs that it seeks to satisfy
through its products and services.
Answer: TRUE
Diff: 1
Topic: 2.1 Competitive and Supply Chain Strategies
AACSB: Application of knowledge
Objective: LO 2.1: Explain why achieving strategic fit is critical to a company's overall success.
2) The value chain emphasizes the close relationship between all the functional strategies within
a company.
Answer: TRUE
Diff: 2
Topic: 2.1 Competitive and Supply Chain Strategies
AACSB: Application of knowledge
Objective: LO 2.1: Explain why achieving strategic fit is critical to a company's overall success.
3) A company's product development strategy defines the set of customer needs that it seeks to
satisfy through its products and services.
Answer: FALSE
Diff: 2
Topic: 2.1 Competitive and Supply Chain Strategies
AACSB: Application of knowledge
Objective: LO 2.1: Explain why achieving strategic fit is critical to a company's overall success.
4) A company's product development strategy specifies the portfolio of new products that it will
try to develop.
Answer: TRUE
Diff: 1
Topic: 2.1 Competitive and Supply Chain Strategies
AACSB: Application of knowledge
Objective: LO 2.1: Explain why achieving strategic fit is critical to a company's overall success.
5) Supply chain strategy specifies what the operations, distribution, and service functions,
whether performed in-house or outsourced, should do particularly well.
Answer: TRUE
Diff: 1
Topic: 2.1 Competitive and Supply Chain Strategies
AACSB: Application of knowledge
Objective: LO 2.1: Explain why achieving strategic fit is critical to a company's overall success.
1
Copyright © 2016 Pearson Education, Ltd.
,6) A company's supply chain strategy determines the nature of procurement and transportation of
materials as well as the manufacture and distribution of the product.
Answer: TRUE
Diff: 1
Topic: 2.1 Competitive and Supply Chain Strategies
AACSB: Application of knowledge
Objective: LO 2.1: Explain why achieving strategic fit is critical to a company's overall success.
7) The degree of supply chain responsiveness should be consistent with the implied uncertainty.
Answer: TRUE
Diff: 1
Topic: 2.2 Achieving Strategic Fit
AACSB: Application of knowledge
Objective: LO 2.2: Describe how a company achieves strategic fit between its supply chain
strategy and its competitive strategy.
8) To achieve complete strategic fit, a firm must ensure that all functions in the value chain have
diverse strategies that support functional goals.
Answer: FALSE
Diff: 2
Topic: 2.2 Achieving Strategic Fit
AACSB: Application of knowledge
Objective: LO 2.2: Describe how a company achieves strategic fit between its supply chain
strategy and its competitive strategy.
9) Because demand and supply characteristics change, the supply chain strategy must change
over the product life cycle if a company is to continue achieving strategic fit.
Answer: TRUE
Diff: 1
Topic: 2.2 Achieving Strategic Fit
AACSB: Application of knowledge
Objective: LO 2.2: Describe how a company achieves strategic fit between its supply chain
strategy and its competitive strategy.
10) To retain strategic fit, supply chain strategy must be adjusted over the life cycle of a product
and as the competitive landscape changes.
Answer: TRUE
Diff: 2
Topic: 2.2 Achieving Strategic Fit
AACSB: Application of knowledge
Objective: LO 2.2: Describe how a company achieves strategic fit between its supply chain
strategy and its competitive strategy.
2
Copyright © 2016 Pearson Education, Ltd.
, 11) The intercompany scope of strategic fit is no longer relevant today because the competitive
playing field has shifted from company versus company to supply chain versus supply chain.
Answer: FALSE
Diff: 1
Topic: 2.2 Achieving Strategic Fit
AACSB: Application of knowledge
Objective: LO 2.2: Describe how a company achieves strategic fit between its supply chain
strategy and its competitive strategy.
12) The interoperation scope has each stage of the supply chain devising its strategy
independently.
Answer: FALSE
Diff: 2
Topic: 2.3 Expanding Strategic Scope
AACSB: Application of knowledge
Objective: LO 2.3: Discuss the importance of expanding the scope of strategic fit across the
supply chain.
13) Intraoperation scope resulted in minimal supply chain surplus.
Answer: TRUE
Diff: 2
Topic: 2.3 Expanding Strategic Scope
AACSB: Application of knowledge
Objective: LO 2.3: Discuss the importance of expanding the scope of strategic fit across the
supply chain.
14) An example of intrafunctional scope is that outsourcing a key component is reasonable if the
savings in staying current in technology results in improved performance in other areas of R&D
that permit improved overall performance.
Answer: TRUE
Diff: 2
Topic: 2.3 Expanding Strategic Scope
AACSB: Application of knowledge
Objective: LO 2.3: Discuss the importance of expanding the scope of strategic fit across the
supply chain.
15) If all functional strategies are deliberately aligned with each other and with the overall
competitive strategy, then the company profit will be maximized.
Answer: TRUE
Diff: 3
Topic: 2.3 Expanding Strategic Scope
AACSB: Application of knowledge
Objective: LO 2.3: Discuss the importance of expanding the scope of strategic fit across the
supply chain.
3
Copyright © 2016 Pearson Education, Ltd.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AquilaEducation. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R126,27. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now