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Which of the following are advantages of partnering?
Which of the following are advantages of partnering?A . Supply chain consolidationB . Continual improvementC . Hard to displaceD . Prioritization of transactionsView AnswerAnswer: A, B Explanation: Partnering supports supply chain consolidation and continual improvement by fostering collaboration and shared objectives. These benefits align with the strategic goals of building...
Can the Manager do this?
A garden centre has recently purchased some lollypop sticks to use as plant labels. The staff have written the name of the plant on the lollypop stick and put it next to the plant. This helps them identify which plant is which. However, after a couple of weeks, the lollypop...
Which of the following STEEPLED factors is most likely to have the greatest effect?
A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental...
the partnership?
A partnership was created between a company and one of its local suppliers when the managing directors of each company met and thought partnering could be a good idea. No other departments were included in the discussions. The partnership has been in place for over a year, but neither of...
In a monopoly market, which of the following statements is true?
In a monopoly market, which of the following statements is true?A . bargaining power of suppliers is strongB . bargaining power of buyers is strongC . There is strong rivalryD . There is a threat of new entrantsView AnswerAnswer: A Explanation: In a monopoly there is only one supplier- therefore...
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...
