Production and Operations Management

351. When suppliers, distributors, and customers partner with each other to improve performance of the entire system, they are participating in a ______________

1. supply and demand chain
2. supply chain
3. channel of distribution
4. value delivery network

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352. A Channel consisting of one or more independent producers, wholesalers or retailers that are seeking to maximize their own profits even at the expense of profits for the channel as a whole is a ______________

1. vertical distribution structure
2. vertical marketing system
3. conventional distribution channel
4. independent channel allocation

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353. In many industries,traditional intermediaries are dropping by the wayside because of changes in ______________ and the growth of ______________ marketing.

1. technology; direct and online
2. franchise structure;independent
3. federal laws;business-to business
4. state and local laws;target

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354. Sometimes a producer chooses only a few dealers in a territory to distribute its products or services.Generally these dealers are given a right to ______________

1. corporate
2. administered
3. intensive
4. exclusive

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355. Which of the following is not an area of responsibility for a logistics manager?

1. warehousing
2. inventory
3. information systems
4. marketing

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356. Smart companies coordinate their logistics strategies and forge strong partnership with suppliers and customers to improve customer service and reduce channel cost through ______________

1. cross-company teams
2. partnering
3. segregated departmentalization
4. cross -functional,cross-company teams

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357. The ______________ has made it possible for other companies to eliminate intermediaries and sell directly to the end consumer.

1. SCM
2. Internet
3. competition
4. global sourcing

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358. ______________ considers how your organization competes and is an essential element of corporate strategy.

1. Value proposition analysis
2. Leadership
3. A consultant
4. A competitor

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359. Integration of business economics and strategic planning has given rise to a new area of study called ______________.

1. Micro Economics
2. Corporate Economics
3. Macro Economics
4. Managerial Economics

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360. The Globel Supply Chain Form identified ______________ key process that make up the core of supply chain management.

1. Five
2. Six
3. Seven
4. Eight

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