Tactical buying - Samenvattingen, Aantekeningen en Examens

AAMS Practice Exam - Questions and Answers An employer plans to use corporate-owned life insurance to informally fund a nonqualified deferred compensation agreement and wants flexibility regarding investment choices. Which one of the following types of life insurance should this employer choose? Variable life insurance The latest economic reports have been gloomy, and the stock market is in a protracted slump. Most of your regular stock customers are selling out their positions. A new client, ...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

ASCM Exam (Certificate) Questions & Answers 2024/2025 What is the difference between purchasing and procurement? - ANSWERSPurchasing involves tactical buying (meeting demand, lowest cost, order placement) whereas procurement focuses more on strategic sourcing (lowest TCO, forming collaborative partnerships, value analysis, negotation) What are the objectives of tactical buying? - ANSWERS1. Providing and uninterrupted flow of materials/services 2. Purchasing products competitively (lowes...

WGU D077 Final Exam Questions and Answers Latest Updated 2024/2025 (Graded A+) Name the 6 steps in the sales process Prospecting and Qualifying Approaching customers Presenting and demonstrating the product Handling objections Closing Following up Product Life Cycle Introductory: Low sales, Little or no profit, Often little to no competition Initiators Individuals at an organization who suggest purchasing a product or service Buyers who are responsible for the contract WGU D077 Question...

WGU D077 Learning objectives Questions and Answers Graded A+ The role of marketing in a firm's business strategy. The role of the company's marketing department is to ensure that the company and its products provide value to the customers it wants to attract. Name the 6 steps in the sales process Prospecting and Qualifying Approaching customers Presenting and demonstrating the product Handling objections Closing Following up Product Life Cycle Introductory: Low sales, Little ...

operations management : -Oversees all activities that are directly related to making a product or providing a service -Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services -The design, operation, and improvement of the production system that creates the firm's primary products and services Strategic : -long-term horizon -type of OM decision that often involve acquiring new resources -example is buying a elec...

CIPS L4M1 EXAM SOLVED 100% CORRECT!! Stakeholders In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. Global Supply Chains a dynamic worldwide network when a...

CSCP Module 1 Latest Update Graded A+ Decoupling Creating independence between supply and use of material. Commonly denotes providing inventory between operations so that fluctuations in the production rate of the supplying operation do not constrain production or use rates of the next operation. gross margin The difference between total revenue and cost of goods sold optimization Achieving the best possible solution to a problem in terms of a specified objective function. cycl...

Marketing - ANSWERMarketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Marketing plan - ANSWERA written document that states the marketing goals for a product or product line, and describes the strategies and the implementation and control efforts the company intends to use to achieve those goals. Marketing plans contain: - An executive summary...

What uncontrollable marketing element provides user input as to how the company delivers upon its value proposition? Quality control inspections Product delivery schedule Competitive elements Consumer feedback - Answer Consumer feedback Which controllable marketing function should a company use to achieve its firm-level goals and to satisfy the target customers' needs and wants? Sales Promotion Production Product - Answer Product Which controllable element is included in the m...