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BUAD 331 Final Exam UTK Questions and Answ Why might a company consider expanding its supply chain internationally? - ANSWERTo obtain access to lower-cost suppliers; To take advantage of a skilled labor base in another country; To support international expansion of sales; To fend off competition from an international competitor What is the biggest cause of difficulties in working with another culture? - ANSWERDifferent ways of making decisions and approaching business Which supply cha...

BUAD 331 Final Exam Knowledge Checks Correct 100%(Scored A+) Why might a company consider expanding its supplier chain internationally? -To obtain access to lower-cost suppliers -To take advantage of a skilled base in another country -To support international expansion of sales -To fend off competition from an international competitor - ANSWERAll of the above What is the biggest cause of difficulties in working with another culture? - ANSWERDifferent ways of making decisions and approach...

BUAD 331 FINAL EXAM REVIEW (terms and questions)WITH COMPLETE SOLUTIONS!!Name the major challenges of Global SCM - ANSWERRisk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences What dimension of the country assessment framework involves the strength of supply chain support business in the region? - ANSWERCompetency T/F: Supply chain solutions that work in...

BUAD 331 Final Exam Questions & Answers(Graded Ways Organizations Create Value - ANSWEROrganizations create value by shaping the product (form utility), delivering it at the right time (time utility), and placing it where it's needed (place utility). Cost Leadership - ANSWERProviding products or services at the lowest cost. Differentiation - ANSWEROffering unique and high-quality products. Responsiveness - ANSWERQuickly adapting to changes in demand and customer needs. ROA Definitio...

BUAD 331 Exam 1 Questions & Answers (Graded A) What is a supply chain? - ANSWERA supply chain consists of the organizations, people, activities, information, and resources involved in moving a product or service from the origins of supply all the way to point of final consumption, and, increasingly, re-entering material that was not consumed back into the supply chain for reuse or recycling. How long have supply chains been around? - ANSWERThey have been in existence for many centuries,...

BUAD 331 Final Exam Review Correct 100%(Graded A+)Focal firm (A) is likely to have most influence over: A) Tier 1 suppliers B) Tier 1 customers C) Tier 2 suppliers D) Tier 2 customers E) Initial suppliers - ANSWERA) Tier 1 suppliers Which supply chain strategy puts the MOST emphasis on effective planning, as it relies on these plans to direct the source, make, and deliver functions? A) Make to stock B) Make to order C) Assemble to order D) Ship to stock E) Buy to order - ANSWERD) Sh...

BUAD 331: Final Exam Correct 100%(Rated A+) regional economic integration - ANSWERAgreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other Free Trade Area - ANSWERA group of countries committed to removing all barriers to the free flow of goods and services between each other Common external tariff - ANSWERThe policy of customs unions in which the memb...

BUAD 331 FINAL Questions 100% Accurate!Why might a company consider expanding its supply chain internationally? A) to obtain access to lower-cost suppliers B) to take advantage of a skilled labor base in another country C) to support international expansion of sales D) to fend off competition from an international competitor E) all of the above - ANSWERE) all of the above what is the biggest cause of difficulties in working with another culture? A) language differences B) different way...

BUAD 331 final exam kc Questions and AnHow does Zara use its supply chain capabilities to generate competitive advantage? - ANSWERspeeding cycle times of new fashions from design to store shelf to ensure the trendiest fashions SCM refers to a relatively new business phenomenon of: - ANSWERthe management of up + downstream relationships with suppliers + customers to deliver superior customer value at less cost to the supply chain as a whole Which of the following companies refers to itself ...

BUAD 331 FINAL EXAM QUESTIONS And ANSWER 100% Verified what statement best describes what a supply chain is? - ANSWERA complex network of companies that works together to provide a good or service for the end-use customer According to the University of Tennessee's concept of the Integrated Supply Chain, what lies at the center of the effort? - ANSWERthe customer experience Which economic utilities are associated with supply chain management? - ANSWERForm, Time, and Place A company t...