Question

1. Supplier and buyer relationship in supply chain perspective is defined to be transactional instead of collaborative. Is this statement true or false?

True

False

2. Jones Manufacturing sells a part to Lear Corporation. Lear puts this part into a radio, which Lear then sells to Ford. From Lear's point of view, Ford is a(n) __________.

Echelon 1

Echelon 2

Tier 1

Tier 2

3. An example of strategic planning is:

Setting inventory levels for a given product.

Forecasting next week's demand of a given product item

Targeting customer demand for aggregate product families.

Deciding where to locate a new manufacturing plant.

4. In forecasting, quantitative method is always better than qualitative one in accuracy of estimation. Is this statement true or false?

True

False

Answer 1

1. False

2. Option D(Tier 2)

3. Option D(Deciding where to locate a new manufacturing plant.)

4. True

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