Mid-Term Exam Pretend you are the Professor, and you now must provide 8 exam questions or problems to the students. Requirements Upload to Canvas, MSWord and MSExcel (where applicable) your...

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Mid-Term Exam


Pretend you are the Professor, and you now must provide 8 exam questions or problems to the students.



Requirements


Upload to Canvas, MSWord and MSExcel (where applicable) your question/problems and answers.


Answers must be provided and reference to where the answer is located (prefer textbook, or Excel file).


No more than 1 question/problem per chapter


At least one exam question/problem must be an Excel-based problem. There must be a supply chain issue which you will resolve by running the Solver tool


At least 1 Multiple Choice, in addition to the correct answer, must provide incorrect answers


At least 1 Essay (prefer thought provoking) the answer to the Essay should be no more than 2 paragraphs


Answered 1 days AfterOct 08, 2021

Answer To: Mid-Term Exam Pretend you are the Professor, and you now must provide 8 exam questions or problems...

Neha answered on Oct 09 2021
124 Votes
Question 1
The competitive strategy of company can define the set of customer requirements which it seeks to satisfy through the services and products. (True / False)
Answer: True
Topic: 2.1 C
ompetitive and supply chain strategies
Question 2
The interoperation scope has every stage of the supply chain devising the strategy independently. (True/ False)
Answer: false
Topic: 2.3 Expanding strategic scope
Question 3
The value which potential customer place over the product cost and delivery time determines the company’s
a) Customer needs
b) Product life cycle
c) Competitive strategy
d) Supply chain surplus
Answer: C) Competitive Strategy
Topic: 2.1 Competitive and supply chain strategies
Question 4
The functions and stages which devise the integrated strategy with shared objective are referred to as
a) Supply chain strategy
b) Scope of marketing strategy
c) Competitive strategy
d) Scope of strategic fit
Answer: B) Scope of marketing strategy
Topic: 2.3 Expanding strategic scope
Question 5
Risks and opportunities have increased the supply chains due to
a) Increasing population
b) Decreasing value of US dollar
c) Decline in energy prices
d) Increasing globalization
Answer: D) Increasing globalization
Topic: 2.4 Challenges to achieving and managing strategic fit
Question 6
Sketch the generic value chain for the company and describe contributions of every element.
A company’s competitive strategy defines, relative to its competitors, the set of customer needs that it seeks to satisfy through its products and services. For example, Wal-Mart aims to provide high availability of a variety of products of reasonable quality at low prices. Most products sold at Wal-Mart are commonplace (everything from home appliances to clothing) and can be purchased elsewhere. What Wal-Mart provides is a low price and product availability. McMaster-Carr sells maintenance, repair, and operations (MRO) products....
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