Practice Quiz

Supply Chain Manager Exam Prep - Question List

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51. What best describes the term inertia?
  1. Risks due to lack of responsiveness to changing environmental conditions.
  2. Risks caused by shipment problems.
  3. Risks caused by the holding up of merchandise on docks.
  4. Risks due to lack of transportation and labor.
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52.

What centers on the decisions and activities used to create and maintain a firms product concept in the customer's mind?

  1. Product positioning
  2. Product segmentation
  3. Targeting
  4. Market positioning
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53. Market segmentation can also help a business learn how to reinforce existing _____________.
  1. Consumer force
  2. Demand market
  3. Customer loyalty
  4. All of the above.
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54. _________ will generate more opportunities for savings than two parties working independently.
  1. Signing contracts
  2. Building long-term relationships with clients
  3. Giving discounts
  4. Ending long-term relationships with clients
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55.

The "Buy" process executes the actual _____ of material from _____ .

  1. Producers; suppliers
  2. Procurement; suppliers
  3. Procurement; consumers
  4. Manufacturer; logistics
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