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Which of the following could be used?
In the public sector, there are many sources of information that a buyer can use to identify a suitable supplier . Which of the following could be used? Select THREEA . Intranet B. Tradeshows C. OJEU D. Internal stakeholders’ knowledge E. Procurement PlatformsView AnswerAnswer: B,D,E Explanation: The correct answers are;...
What is the biggest risk to Grey Stone?
Grey Stone Memorial Hospital is a private medical facility which has an idea for a vaccine to a deadly disease, but does not have the capacity to make the vaccine itself. It is considering partnering with a well-known pharmaceutical company in order to bring the vaccine to market . What...
Which of the following could be barriers to entry for Brian Air?
Brian Air is a company that is trying to break into the air transport market . Which of the following could be barriers to entry for Brian Air? Select THREEA . economies of scale B. access to capital C. licences and permits D. health and safety E. ethical sourcingView AnswerAnswer:...
Which of the following are considered ‘wastes’ which can be removed from a business? Select THREE.
Which of the following are considered ‘wastes’ which can be removed from a business? Select THREE.A . Over-processing B. Stockout C. Equity D. Transportation E. InventoryView AnswerAnswer: A,D,E Explanation: The seven wastes (as defined by Taiichi Ohno) can be remembered as Tim Wood; transportation, inventory, motion, waiting, over-processing, over-production, defects....
Which of the following ‘wastes’ is being removed from the business?
Agile Cars Ltd is creating a ‘lean’ business model which involves receiving deliveries of components only when they are required . Which of the following ‘wastes’ is being removed from the business?A . Transportation B. Defects C. Over-production D. InventoryView AnswerAnswer: D Explanation: This would reduce inventory (holding stock). Inventory...
What are these four categories?
According to Mendelow, there are four ways stakeholders can be managed, depending on the amount of power they have, and how interested they are in your project . What are these four categories?A . Keep satisfied, keep informed, minimal effort, no effort B. Manage closely, manage loosely, keep satisfied, keep...
Which of the following factors would you use to analyse the macro-environment? Select THREE.
Which of the following factors would you use to analyse the macro-environment? Select THREE.A . social B. cultural C. political D. philosophical E. legislativeView AnswerAnswer: A,C,E Explanation: STEEPLE is what is used to analyse the macro-environment; the factors are; social, technological, economic, environmental, political, legislative and ethical. Details of this...
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREE
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREEA . Full pricing information B. Liquidity Ratio C. Risk Assessments D. Method Statements E. Gearing RatioView AnswerAnswer: A,C,D Explanation: You would expect a supplier to submit full pricing information,...
A competitive advantage can be gained by doing what?
A competitive advantage can be gained by doing what?A . Increasing your prices B. Engaging in market research C. Building better relationships with primary stakeholders D. Completing formal tenders for all buying requirementsView AnswerAnswer: C Explanation: The correct answer is ‘Building better relationships with primary stakeholders’. This is a direct...
Which of the following statements are true of a market place which is considered a 'perfect competition'? Select TWO.
Which of the following statements are true of a market place which is considered a 'perfect competition'? Select TWO.A . there are no barriers to entry B. suppliers are selling differentiated products C. competition is at its highest level possible D. competition is not strongView AnswerAnswer: A,C Explanation: In a...
