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A medical consumables buyer has adopted a close relationship approach with their suppliers that are considered to be complicated, technical suppliers. Is this the right approach?
A medical consumables buyer has adopted a close relationship approach with their suppliers that are considered to be complicated, technical suppliers. Is this the right approach?A . Yes, as the items are of high financial riskB . No, as there is often a supply risk with items offeredC . Yes,...
What agreement should the app developer aim to achieve?
A software developer is seeking to develop a new fitness trends app. They are looking to create a contract with a fitness expert to give advice on the type of changing fitness trends. What agreement should the app developer aim to achieve?A . Quality-based relationshipB . Traditional contracting relationshipC ....
Hungry Sandwich Co. produces over 5,000 freshly made sandwiches on-site every day. The main ingredient that Hungry Sandwich Co. buys is bread. It is the item they spend the most money on, and they have a long-term partnership agreement with a local bakery to manufacture and supply fresh bread every morning. Using a supplier positioning matrix, which is the appropriate category for bread for Hungry Sandwich Co.?
Hungry Sandwich Co. produces over 5,000 freshly made sandwiches on-site every day. The main ingredient that Hungry Sandwich Co. buys is bread. It is the item they spend the most money on, and they have a long-term partnership agreement with a local bakery to manufacture and supply fresh bread every...
Price fluctuations can affect profitability. Is this statement correct?
Price fluctuations can affect profitability. Is this statement correct?A . Yes, if the product's costs increase and the price does notB . No, only decisions made by the chief executive affect the priceC . No, price is not related to profitabilityD . Yes, as sales may drop if the product...
Which of the following are typical examples of partnering between companies? Select the TWO that apply.
Which of the following are typical examples of partnering between companies? Select the TWO that apply.A . Sole traderB . Limited companyC . Joint ventureD . Strategic allianceE . Public limited companyView AnswerAnswer: C, D Explanation: Joint ventures and strategic alliances are examples of partnerships as they involve collaboration between...
Which circumstances make a buyer more attractive to the supplier?
Which circumstances make a buyer more attractive to the supplier?A . Where the brand profile is highB . When the buyer negotiates longer credit termsC . Where the buyer exercises a stringent code of conductD . When the buyer is very procedural in its systemsView AnswerAnswer: A, C Explanation: Buyers...
What are the relationship characteristics of a Partnership?
What are the relationship characteristics of a Partnership?A . Short-term focus and one-off transactionsB . An adversarial relationshipC . Sharing ideas and riskD . Focus on price competitivenessView AnswerAnswer: C Explanation: Partnerships emphasize collaboration, shared risks, and mutual benefits. Unlike adversarial or transactional relationships, they focus on long-term goals and...
When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders?
When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders?A . 2 and 3 onlyB . 1 and 4 onlyC . 1 and 2 onlyD . 3 and 4 onlyView AnswerAnswer: B Explanation: Negative leaders and promoters...
When using competitive forces theory, suppliers are powerful in which of the following situations? Select THREE that apply.
When using competitive forces theory, suppliers are powerful in which of the following situations? Select THREE that apply.A . There are few substitute productsB . The product is highly differentiatedC . There is potential for backward integrationD . The switching costs are highE . The volume purchased is not importantF...
Rivalry between suppliers is more likely to be intense in which of the following situations?
Rivalry between suppliers is more likely to be intense in which of the following situations?A . 1 and 2 onlyB . 2 and 4 onlyC . 1 and 3 onlyD . 1 and 4 onlyView AnswerAnswer: B Explanation: Intense rivalry occurs when suppliers are equally balanced and face high barriers...
