multiple choice questions: One of success process strategies philosophies is the process foundation, which: Select one: a. Creates the supply chain of organisation to satisfy and enhance competitiveness b. Fulfills process characteristics and strategic match c. Includes subcontractors due to their link to organisational processes d. None of these e. All of these Question 4 The periodic counting system records immediate updates of inventory withdrawals Select one: a. False b. True Question 5 The decision to configure assets according to product or process rely on the following, except: Select one: a. Variability b. Velocity c. Flexibility d. Quantities Question 6 ___________________ utilises statistical modelling to predict future sales figures, often taking into account current and historical trends. Select one: a. Aggregate planning b. Quantitative forecasting c. Sales forecasting d. Qualitative forecasting Question 7 The following is one of the reasons for ineffective forecasts Select one: a. Lack of funds b. None of these c. Outsourcing the task of forecasting d. Poor aggregate planning e. Failure to involve all relevant people Question 8 ABC Analysis is based on the pareto principle, also known as: Select one: a. 50/50 rule b. 30/70 rule c. 80/20 rule d. 10/90 rule Question 9 A process is a methodology utilised on an ad-hoc basis that result in the creation of goods and services with the aim of maximising profit Select one: a. True b. False Question 10 As part of the important situational factors to be considered in forecasting, changes in the market: Select one: a. Should be avoided b. Should be expected in advance c. Should be communicated d. None of these e. Should be confronted

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter1: An Overview Of Strategic Marketing

Section1.2: Dollar Shave Club: The Company For Men

Problem 1C

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Question 4

The periodic counting system records immediate updates of inventory withdrawals

Select one:

False

True

Question 5

The decision to configure assets according to product or process rely on the following, except:

Select one:

Variability

Velocity

Flexibility

Quantities

Question 6

___________________ utilises statistical modelling to predict future sales figures, often taking into account current and historical trends.

Select one:

Aggregate planning

Quantitative forecasting

Sales forecasting

Qualitative forecasting

Question 7

The following is one of the reasons for ineffective forecasts

Select one:

Lack of funds

None of these

Outsourcing the task of forecasting

Poor aggregate planning

Failure to involve all relevant people

Question 8

ABC Analysis is based on the pareto principle, also known as:

Select one:

50/50 rule

30/70 rule

80/20 rule

10/90 rule

Question 9

A process is a methodology utilised on an ad-hoc basis that result in the creation of goods and services with the aim of maximising profit

Select one:

True

False

Question 10

As part of the important situational factors to be considered in forecasting, changes in the market:

Select one:

Should be avoided

Should be expected in advance

Should be communicated

None of these

Should be confronted

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