πŸ“Š Supply Chain Management
Q. Packaging performs two functions. ___________ and logistics.
  • (A) distribution.
  • (B) store keeping.
  • (C) material handling.
  • (D) marketing.
πŸ’¬ Discuss
βœ… Correct Answer: (D) marketing.
πŸ“Š Supply Chain Management
Q. EOQ stands for
  • (A) electronic ordered quantity
  • (B) economic order quantity
  • (C) economic order quality
  • (D) electronic obtained quantity
πŸ’¬ Discuss
βœ… Correct Answer: (B) economic order quantity
πŸ“Š Supply Chain Management
Q. EDI stands for
  • (A) electronic data interface.
  • (B) electronic data interchange.
  • (C) electronic distribution intermediary.
  • (D) electronic documentation interchange.
πŸ’¬ Discuss
βœ… Correct Answer: (B) electronic data interchange.
πŸ“Š Supply Chain Management
Q. Michael porter explained the concept of
  • (A) motivation.
  • (B) cost advantage.
  • (C) competitive advantage.
  • (D) quest for quality.
πŸ’¬ Discuss
βœ… Correct Answer: (C) competitive advantage.
πŸ“Š Supply Chain Management
Q. The concept of logistics has been systematically divided into
  • (A) 2 phases.
  • (B) 3 phases.
  • (C) 4 phases.
  • (D) 5 phases.
πŸ’¬ Discuss
βœ… Correct Answer: (A) 2 phases.
πŸ“Š Supply Chain Management
Q. In the product life cycle, the emphasis in marketing mix during decline stage is
  • (A) distribution.
  • (B) promotion.
  • (C) price.
  • (D) cost reduction.
πŸ’¬ Discuss
βœ… Correct Answer: (D) cost reduction.
πŸ“Š Supply Chain Management
Q. In the product life cycle, the emphasis in marketing mix during maturity stage is
  • (A) distribution.
  • (B) promotion.
  • (C) price.
  • (D) cost reduction.
πŸ’¬ Discuss
βœ… Correct Answer: (C) price.
πŸ“Š Supply Chain Management
Q. In the product life cycle, the emphasis in marketing mix during growth stage is
  • (A) distribution.
  • (B) promotion.
  • (C) price.
  • (D) cost reduction.
πŸ’¬ Discuss
βœ… Correct Answer: (A) distribution.
πŸ“Š Supply Chain Management
Q. The goal of logistics is
  • (A) to achieve a target level of customer service at lowest possible cost
  • (B) to achieve targeted level of customer service.
  • (C) increase in the market share.
  • (D) all of the above.
πŸ’¬ Discuss
βœ… Correct Answer: (D) all of the above.
πŸ“Š Supply Chain Management
Q. positive, long-term relationships between supply chain participants refer to:
  • (A) co-opetitions
  • (B) tailored logistics
  • (C) partnerships
  • (D) supply chain management
πŸ’¬ Discuss
βœ… Correct Answer: (C) partnerships