Compare and contrast competitive orientation versus cooperative orientation for supplier relations
What will be an ideal response?
Competitive orientation views supplier relations as a negotiation between buyer and seller. It is generally considered a zero-sum game–one side wins, the other loses. In cooperative orientation, the buyer and seller are partners, each one helping the other as much as possible. Generally, a cooperative orientation means long-term commitment, joint work on quality, and support by the buyer of the supplier's managerial, technological, and capacity development. Sharing of information takes place in both directions.
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Supply chain decisions are not generally strategic in nature, because purchasing is not a large expense for most firms
Indicate whether the statement is true or false
Which of the following statements is (are) true with respect to the Social Security earnings test?
I. The earnings test does not apply to dividends, interest, and rental income. II. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. A) I only B) II only C) both I and II D) neither I nor II
A firm has three independent projects under consideration each with a required rate of return of 10%/ The total projects budget is only $2,000. Project X has an initial investment of $2,000 and a single cash flow in year one of $2,360
Project Y has an initial investment of $1,000 and a single cash flow in year one of $1,200. Project Z has an initial investment of $1,000 and a single cash flow in year one of $1,170. Calculate the IRR and NPV for each of these projects. If we assume that we cannot "repeat" these projects (i.e., we cannot do project Z twice) which project or combination of projects should the firm undertake? Why?