Under what condition does the costs associated with the market mediation function occur?
A. when supply is greater than demand
B. when supply equals demand
C. when supply is less than demand
D. when supply does not equal to demand
What should happen to service levels when demand information is shared with trading partners to reduce forecast uncertainties?
A. service levels should decrease
B. service levels should increase
C. service levels should be unaffected
D. service levels should initially increase, then decrease
Thinking in terms of which of the following promotes the broadest look at a company's offerings and its customers?
A. quality
B. cost
C. perceived value
D. speed
E. value
All of the following are reasons why companies are adding more services around their products EXCEPT:
A. commoditization of products
B. need to get closer to the customer
C. desire of companies to compete on price
D. increase in IT capabilities that make this offering possible
What impact does the proliferation of product and service options have on forecasting customer demand for a specific model?
A. it makes forecasting easier
B. it has no impact on forecasting since the volume remains unchanged
C. it makes forecasting more difficult
D. the demand for a specific model has no impact on forecasting
If there are 400 units available for sale and the relationship between demand and price can be expressed by the equation: Demand = 1000 - 0.5* Price which of the following revenue management strategies will typically yield the greatest total revenue?
A. set price at a single value
B. have a two tier pricing strategy
C. have a three tier pricing strategy
D. have a pricing strategy with as many tiers as there are market segments that are price ortime sensitive
Which formula below is used to calculate cash-to-cash cycle time?
A. days of outstanding sales
B. inventory days of supply plus days of sales outstanding
C. inventory days of supply plus days of sales outstanding minus average payment period formaterials
D. inventory days of supply minus average payment period for materials
E. days of sales outstanding minus inventory days of supply
Which measure below defines the number of days required to achieve an unplanned, sustainable 20 percent increase in production?
A. delivery performance to request
B. upside production flexibility
C. supply chain response time
D. order fulfillment lead time
E. total inventory days of supply
Many startup e-markets offer all of the following EXCEPT:
A. serving as an intermediary between buyers and suppliers
B. conducting the auction
C. identifying, qualifying, and supporting suppliers
D. decreasing the number of suppliers involved in the bidding event
E. identifying saving opportunities
All of the following are effects of e-markets on suppliers EXCEPT:
A. allow suppliers to reduce marketing and sales costs
B. allow relatively large suppliers to expand their horizons
C. allow suppliers in fragmented industries to access spot markets
D. allow suppliers to better use their available capacities and inventories
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