Backwards integration - Study guides, Class notes & Summaries

WGU C215 Objective Assessment Guide (Latest 2024/ 2025 Update) Operations Management| Questions and Verified Answers| 100% Correct| Grade A Q: Tier One Suppliers Supplies materials or services directly to the processing facility. These are the suppliers that put products in specific containers or packages. Internal Functions companies Q: Tier Two Suppliers Answer: Directly supplies materials or services to a tier-one supplier in the supply chain. Suppliers of the spec...

BPL 5100 QUIZ 2 Questions with Answers Introduction stage of product life cycle - Answer-The product is introduced to the target market. Characterized by: 1. Sales grow slowly. 2. Minimal profits as a result of large investment costs in development Growth stage of product life cycle - Answer-Characteristics: •Rapid increases in sales •Competition appears •Profit peaks •Advertising shifts to selective demand. •Sales grow at an increasing rate because of new people trying ...

Advertising revenue model - Provides users with information on services and products and provides an opportunity for suppliers to advertise Affiliate revenue model - Companies receive a referral fee for directing business to an affiliate Appraisal cost - The cost associated with uncovering defects Automated order entry system - A method using telephone models to send digital orders to suppliers Automated order entry systems - A method using telephone models to send digital orders to suppl...

What is Corporate strategy? correct answer: Actions to sustain/gain comp. adv. in several industries and markets Where does corporate strategy compete? correct answer: 1)Industry value chain: vertical integration 2)Product and services: diversification 3)Geography (regional, national, global mkts) What is Vertical integration? correct answer: Process where several steps in production are controlled and owned by a single company Forward Integration correct answer: ex) pepsi concent...

1st Generation ERP - Enterprise Resource Planning. - These were interface software's that managed routine activities These were also designed for internal purposes only, not to support supply chain 2nd Generation ERP - Enterprise Resource Planning. - These were designed to help with the decision-making processes necessary to manage company supply chains. Basically, answering the question of whether to do business with a supplier or customer with the ERP software answering the question of ...

Backwards vertical integration a joining together into one firm of two or more firms where the purchaser merges with/takes over one or more of its suppliers Conglomerate integration a joining together into one firm of two or more firms producing unrelated products Demerger when a firm splits into two or more independent businesses Divorce of ownership from control when managers and directors of a business are different from the owners of a business (the shareholders) Forward vertical i...

WPC 480 Final Exam Questions & Answers 2023/2024 What is Corporate strategy? - ANSWER-Actions to sustain/gain comp. adv. in several industries and markets Where does corporate strategy compete? - ANSWER-1)Industry value chain: vertical integration 2)Product and services: diversification 3)Geography (regional, national, global mkts) What is Vertical integration? - ANSWER-Process where several steps in production are controlled and owned by a single company Forward Integration - AN...

Backwards vertical integration - ANSWERSa joining together into one firm of two or more firms where the purchaser merges with/takes over one or more of its suppliers Conglomerate integration - ANSWERSa joining together into one firm of two or more firms producing unrelated products Demerger - ANSWERSwhen a firm splits into two or more independent businesses Divorce of ownership from control - ANSWERSwhen managers and directors of a business are different from the owners of a business (t...

Advertising revenue model Provides users with information on services and products and provides an opportunity for suppliers to advertise Affiliate revenue model Companies receive a referral fee for directing business to an affiliate Appraisal cost The cost associated with uncovering defects Automated order entry systems A method using telephone models to send digital orders to suppliers. Backwards integration Owning or controlling sources of raw materials and components. Benchmarking Stu...

WGU C215 Study Guide – FINAL with correct answers 2023 (New Questions) Total Quality Management (TQM) Philosophy - correct answer 1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality Process Capability Index (Cpk) - correct answer Basic function of Six Sigma. Measures the process potential and performance of processes. The higher the range of Cpk, the improved is the ability of...