In Period 4 of the evolution of purchasing and supply chain management, firms faced stable competition and had access to abundant material – conditions that historically have diminished the overall importance of purchasing
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following involves the use of a secondary source?
A) Talking to the entry-level employees about why the duties are not being properly executed B) Surveying other companies who outsource the kinds of duties you are looking to outsource C) Reading a journal article about the perceived versus actual cost effectiveness of outsourcing D) Discussing the situation with your boss E) Speaking to outsourcing service providers about some options
An appellate court ________
A) is usually composed of a grand jury B) can reverse a decision only if the judges are unanimous in their decision C) records the majority opinion, which is used by judges to make future decisions D) cannot accept cases where a prejudicial error has occurred during the trial
What are two broad choices when it comes to a new venture’s competitive advantage?
a. Low price or high price b. Customer service or high price c. Cost advantage or non-cost-differentiation advantage d. Trade secrets or cost advantage
Given that forecasts are always wrong to some degree, the aggregate plan needs to have some flexibility built into it if it is to be useful
Indicate whether the statement is true or false.