Which of the following refers to a company’s suppliers supplier’s suppliers and the processes for managing relationships with them?
A company’s suppliers, supplier’s suppliers, and the processes for managing relationships with them is the: upstream portion of the supply chain.
Which of the following manages the flow of products through distribution?
Supply chain execution systems manage the flow of products through distribution centers and warehouses to ensure that products are delivered to the right locations in the most efficient manner.
Which of the following is the reason that overstocking warehouses is not an effective solution for a problem of low availability?
Why is overstocking warehouses not an effective solution for a problem of low availability? – It does not speed product time to market.
Which term describes the number of customers who stop using or purchasing products or services from a company?
What Is Churn Rate? The churn rate, also known as the rate of attrition or customer churn, is the rate at which customers stop doing business with an entity. It is most commonly expressed as the percentage of service subscribers who discontinue their subscriptions within a given time period.
How do you manage upstream supply chain?
5 Tips for Efficient Supply Chain Management
- Find Dependable Suppliers. One cannot emphasize enough the importance of finding the right suppliers. …
- Invest in Employee Development. …
- Continuous Improvement. …
- Leverage New Technologies. …
- Improve Returns Management.
What is supply in supply chain management?
Supply chain management is the handling of the entire production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer.
Which of the following represents the primary activities of a firm?
Chapter 3
| Question | Answer |
|---|---|
| Which of the following represent the primary activities of a firm: | Inbound logistics, outbound logistics, operations, services, sales and marketing |
Is a method of interaction with a customer such as telephone or customer service desk?
A touch point (also known as a contact point) is a method of interaction with the customer, such as telephone, e-mail, customer service desk, conventional mail, Web site, or retail store.
Which of the following best describes operational CRM?
Which of the following best describes operational CRM? A system for automating fundamental business processes like marketing, sales, and support for interacting with the customer.
Which of the following is a primary activity in the operations of a firm group of answer choices?
Primary activities include inbound logistics, operations, customer service, and sales and marketing. These activities add value to a product. Support activities are business functions that assist and facilitate the primary activities.
Which of the following represents a primary activity of the value chain?
The primary activities of Michael Porter’s value chain are inbound logistics, operations, outbound logistics, marketing and sales, and service. The goal of the five sets of activities is to create value that exceeds the cost of conducting that activity, therefore generating a higher profit.
Are activities at which a firm excels as a world-class leader?
A core competency is an activity for which a firm is a world-class leader.
Which of the following is a primary activity?
Gathering, hunting, fishing, lumbering, animal rearing, farming and mining are some of important examples of primary activities. Let us understand the concept with the help of an example-Animal rearing or dairy is a primary activity.
What is firm infrastructure?
Firm infrastructure refers to an organization’s structure and its management, planning, accounting, finance and quality-control mechanisms.
Which is a secondary activity?
Secondary activities are those activities which involve the manufacturing of finished goods by processing the raw materials that are found in the nature. Examples: i. Manufacturing steel. ii.
Which one of the following is not a primary activity?
Answer: Banking is not a primary activity. Any economic activity that deals with the “extraction and refinement” of “natural resources” is called primary activity.
Which of the following is a tertiary activity?
Tertiary activity consists of all occupations of service. Significant examples of tertiary activities include transport, networking, commerce, health, education and administration. The growth of primary and secondary sectors is assisted by these tertiary activities.
What are primary and secondary economic activities?
Primary: involves the retrieval and production of raw materials, such as corn, coal, wood or iron. … Secondary: involves the transformation of raw or intermediate materials into goods, as in steel into cars, or textiles into clothing. Builders and dressmakers work in the secondary sector.
What does secondary economic activity?
Secondary economic activities are those that use raw materials from the primary economic sector to manufacture or produce goods.
What are tertiary economic activities?
Tertiary economic activities are associated with the sale and exchange of manufactured products and raw materials. Examples of this include retail and marketing. In the past hundred years the majority of people living in the developed world have become associated with tertiary economic activities.
What are the 4 types of economic activity?
The four essential economic activities are resource management, the production of goods and services, the distribution of goods and services, and the consumption of goods and services. As you work through this book, you will learn in detail about how economists analyze each of these areas of activity.