Question 1

Which statement accurately describes an outcome of acquiring and analyzing big data?

Accepted Answer

A)   It will replace human reasoning with slower but more accurate decision making.
B)   It will result in decision making that is based on intuition rather than actual information.
C)   It can be used to make decisions about automating supply chain processes,thus replacing human labor.
D)   It will accomplish repetitive tasks with significant precision but at a higher cost than human number crunching.E) C) and D)
F) A) and B)

Question 2

Which of the following statements is true of three-dimensional printing?

Accepted Answer

A)   It is expected to lead businesses to act in ways that will increase their carbon footprints.
B)   It cannot be used in the automobile parts,biomedical,and fast food industries.
C)   It will lead to the mass production of standardized goods rather than custom products.
D)   It will nearly eliminate the need to transport finished goods to distribution centers and retailers.E) A) and D)
F) A) and C)

Question 3

Which statement is true of supply chain management?

Accepted Answer

A)   It reflects a completely employee-driven management philosophy.
B)   It enables supply chain managers to focus on pushing products down the marketing channels to consumers.
C)   It enables supply chain managers to respond quickly to sudden changes in supply or demand.
D)   It gives assembly-line employees total control of materials,processes,money,and finished products.E) B) and C)
F) B) and D)

Question 4

Which of the following individuals or companies uses an emerging distribution channel structure?

Accepted Answer

A)   A retail store that sells counterfeit backpacks of famous brands
B)   An online apparel store that offers subscription services for high-end fashion clothing
C)   An electronics retailer who sells products directly to customers through its shop-at-home television channel
D)   A department store that sells apparel,electronics,grocery,and home furnishing products of various manufacturers in one locationE) B) and D)
F) None of the above

Question 5

When a customer buys a pair of jeans,which of the following is creating form utility?

Accepted Answer

A)   The government
B)   The supermarket
C)   The transport company
D)   The clothing factoryE) None of the above
F) A) and B)

Question 6

Which of the following statements is true of supply chain management in today's marketplace?

Accepted Answer

A)   Supply chain management reflects a completely employee-driven management philosophy.
B)   Standardized products are "pushed" down through marketing channels to consumers.
C)   Businesses focus on partnering with members of the supply chain to enhance customer value.
D)   Companies that focus on supply chain management commonly report high inventory costs.E) C) and D)
F) None of the above

Question 7

Supply chain analytics programs have many objectives that,if realized,would ______.

Accepted Answer

A)   mean higher prices for customers but will lead to greater customer satisfaction
B)   mean higher prices for customers and thus lower customer satisfaction
C)   offer lower prices for customers but lead to lower customer satisfaction
D)   offer lower prices for customers and lead to greater customer satisfactionE) B) and D)
F) A) and D)

Question 8

Intensive distribution is a form of distribution that establishes one or a few dealers within a given area.

Accepted Answer

A) True 
 B)False

Question 9

When you purchase a loaf of bread,which of the following is creating exchange utility?

Accepted Answer

A)   The transport company
B)   The government
C)   The supermarket
D)   The bread factoryE) All of the above
F) None of the above

Question 10

A _____ enables consumers to return products to the retailer or manufacturer in the event of a product defect or at the end of the product's useful life to the consumer.

Accepted Answer

A)   gray marketing channel
B)   reverse channel
C)   nontraditional channel
D)   digital channelE) B) and C)
F) A) and B)

Question 11

Connections between cargo vessels or trucks and transportation networks may eventually lead to the development of smart transportation modes that reroute in real time based on local traffic patterns,weather events,and accidents.Which of the following will someday enable such a possibility?

Accepted Answer

A)   Supply chain analytics
B)   The Internet of Things
C)   Cloud computing
D)   Strategic channel alliancesE) None of the above
F) A) and D)

Question 12

Five types of internal integration are sought by firms interested in providing top-level service to customers: relationship integration,measurement integration,technology and planning integration,material and service supplier integration,and customer integration.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is an advantage of outsourcing logistics functions?

Accepted Answer

A)   It enables firms to locate stock at fewer plants and distribution centers.
B)   It helps firms focus investment on their logistical functions rather than on core business.
C)   It lengthens the order-to-cash cycle.
D)   It eliminates the need to use a third-party logistics company.E) B) and D)
F) None of the above

Question 14

The focus of businesses has shifted toward determining how products and services are being "pushed" into the marketplace by manufacturers as well as on partnering with members of the supply chain to enhance customer value.

Accepted Answer

A) True 
 B)False

Question 15

Which statement is true of agents and brokers?

Accepted Answer

A)   They take title to the goods and services they market.
B)   They represent manufacturers' products to potential customers.
C)   They often determine the terms of the sale.
D)   They get the same fee,regardless of sales volume.E) B) and D)
F) None of the above

Question 16

Two companies enter an agreement such that Company A can now use Company B's already established marketing channels.Company A made this decision because it was too expensive and time consuming to create a new marketing channel.This is an example of ______.

Accepted Answer

A)   strategic channel alliance
B)   agent/broker channel
C)   dual or multiple distribution
D)   gray marketing channelE) All of the above
F) B) and D)

Question 17

Companies that work closely with their suppliers can eliminate problems relating to corporate culture,information hoarding,and trust issues.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following describes third-party logistics company (3PL) ?

Accepted Answer

A)   It sells physical products as well as services.
B)   It minimizes the order-to-cash cycle in a firm's order fulfillment process.
C)   It is a permanent part of the firm's supply chain.
D)   It does not include information sharing.E) All of the above
F) A) and B)

Question 19

Nearshoring leads to high costs and increases supply chain risk.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is true of channel members within marketing channels?

Accepted Answer

A)   They play roles that are different from those of intermediaries and resellers.
B)   They facilitate the change of ownership but not the sale to the final consumer.
C)   They provide division of labor but without any particular specialization in moving goods.
D)   They help provide contact efficiency as goods move into the hands of the final consumer.E) A) and C)
F) None of the above

Exam 13: Supply Chain Management and Marketing Channels

Two companies enter an agreement such that Company A can now use Company B's already established marketing channels.Company A made this decision because it was too expensive and time consuming to create a new marketing channel.This is an example of ______.

Correct AnswerverifiedShow Answer

The focus of businesses has shifted toward determining how products and services are being "pushed" into the marketplace by manufacturers as well as on partnering with members of the supply chain to enhance customer value.

Correct AnswerverifiedShow Answer

Which of the following is true of channel members within marketing channels?

Correct AnswerverifiedShow Answer

Connections between cargo vessels or trucks and transportation networks may eventually lead to the development of smart transportation modes that reroute in real time based on local traffic patterns,weather events,and accidents.Which of the following will someday enable such a possibility?

Correct AnswerverifiedShow Answer

When a customer buys a pair of jeans,which of the following is creating form utility?

Correct AnswerverifiedShow Answer

Five types of internal integration are sought by firms interested in providing top-level service to customers: relationship integration,measurement integration,technology and planning integration,material and service supplier integration,and customer integration.

Correct AnswerverifiedShow Answer

Which of the following is an advantage of outsourcing logistics functions?

Correct AnswerverifiedShow Answer

A _____ enables consumers to return products to the retailer or manufacturer in the event of a product defect or at the end of the product's useful life to the consumer.

Correct AnswerverifiedShow Answer

When you purchase a loaf of bread,which of the following is creating exchange utility?

Correct AnswerverifiedShow Answer

Which of the following describes third-party logistics company (3PL) ?

Correct AnswerverifiedShow Answer

Companies that work closely with their suppliers can eliminate problems relating to corporate culture,information hoarding,and trust issues.

Correct AnswerverifiedShow Answer

Which statement is true of agents and brokers?

Correct AnswerverifiedShow Answer

Intensive distribution is a form of distribution that establishes one or a few dealers within a given area.

Correct AnswerverifiedShow Answer

Supply chain analytics programs have many objectives that,if realized,would ______.

Correct AnswerverifiedShow Answer

Which statement accurately describes an outcome of acquiring and analyzing big data?

Correct AnswerverifiedShow Answer

Which of the following statements is true of three-dimensional printing?

Correct AnswerverifiedShow Answer

Which of the following individuals or companies uses an emerging distribution channel structure?

Correct AnswerverifiedShow Answer

Which statement is true of supply chain management?

Correct AnswerverifiedShow Answer

Which of the following statements is true of supply chain management in today's marketplace?

Correct AnswerverifiedShow Answer

Nearshoring leads to high costs and increases supply chain risk.

Correct AnswerverifiedShow Answer

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