A price discount where the discount is based on the total quantity purchased over a
given period, regardless of the number of lots purchased over that period, is
A) customer based.
B) lot size based.
C) supplier based.
D) volume based.
For a company to achieve strategic fit, it must accomplish the following keys:
A) All functional strategies must fit together to form a coordinated overall strategy.
B) The different functions in a company must appropriately structure their processes
and resources to be able to execute these strategies successfully
C) The overall supply chain must operate at the lowest cost possible to achieve success.
D) The design of the overall supply chain and the role of each stage must be aligned to
support the supply chain strategy.
Zara sources basic products such as white t-shirts from low cost countries because
demand is predictable. For trendy products for which demand is unpredictable, Zara
sources from company-owned higher cost factories in Europe. For the predictable
demand, Zara strives for ________ and for the unpredictable demand, Zara hopes to
achieve ________.
A) social responsibility, quality
B) flexibility, social responsibility
C) efficiency, flexibility
D) quality, efficiency
Demand is forecast for the next five months as 200, 300, 500, 300, 200. The production
planner decides to adopt a level strategy, so over the next five months they should
produce
A) 200, 300, 500, 300, 200.
B) 500, 400, 300, 200, 100.
C) 100, 200, 300, 400, 500.
D) 300, 300, 300, 300, 300.
The traditional fundraiser for the student chapter of APICS is pint mason jars filled with
a tangy barbecue sauce that the club sponsor whips up in his kitchen. Club officers set
up a card table in the atrium of the business building and take turns staffing it for the
duration of the barbecue season, which is four months. Eighteen sad years of experience
have revealed that demand varies depending on the month of the season. Customer
demand in the first month can be described as 400-p1, in the second month as
400-1.4p2, in the third month 400-1.8p3, and in the fourth month 400-2.2p4.
What should the price be in period 3?
A) $185.13
B) $181.27
C) $177.43
D) $173.61