BUAD 331 EXAM 1 QUESTIONS WITH CORRECT DETAILED ANSWERS 2026/2027.

BUAD 331 EXAM 1 QUESTIONS WITH CORRECT DETAILED ANSWERS 2026/2027.

Supply Chain Management refers to:
A. The comprehensive management of networks of suppliers
B. The meaningful integration of service with customer fulfillment
C. The collaboration between operations and suppliers
D. The management of up and downstream relationships with suppliers and customers
to deliver superior customer value at less cost to the supply chain as a whole
E. The procurement, movement, and storage of product and information flows through
the organization to maximize profit through cost-effective order fulfillment - ANSWERd. The management of up and downstream relationships with suppliers and customers
to deliver superior customer value at less cost to the supply chain as a whole
How does Zara use its supply chain capabilities to generate competitive advantage?
A. Stocking clothing far in advance of sales to ensure in-stock availability.
B. Buying new seasonal clothing lines in bulk to take advantage of volume discounts
from suppliers.
C. Speeding cycle times of new fashions from design to store shelf to ensure the
trendiest fashions.
D. Cycling seasonal clothinterm-0g trends using long-term predictions of demand to
lower costs for customers. - ANSWER- C.Speeding cycle times of new fashions from
design to store shelf to ensure the trendiest fashions.
How does supply chain management create value?
A. Form, time, place, exchange
B. Product, price, place, promotion
C. Cost, asset, capacity, integration
D. Responsiveness, productivity, reliability, delivery - ANSWER- A.Form, time, place,
exchange
The "Great Divide" in supply chain management occurs between:
A. suppliers and manufacturers
B. demand-generating activities and demand-fulfilling activities
C. sales and marketing activities
D. organizations and their customers - ANSWER- B.demand-generating activities and
demand-fulfilling activities
What megatrend will greatly challenge supply chain managers?
A.Disruptive technology
B.Talent/skills requirements
C.Social changes