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BUAD 331 Study guides, Class notes & Summaries
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BUAD 331 Final Exam UTK Questions With Complete Solutions
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Why might a company consider expanding its supply chain internationally? correct answer: To 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? correct answer: Different ways of making decisions and approaching business 
 
Which supply chain strategy is most popula...
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BUAD 331 Exam 4 (possible questions answered already)
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Logistics Management correct answers is the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements 
 
Supply Chain Management correct answers the management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain...
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Package deal for BUAD 331 Exam Questions with 100% Correct Answers | Verified
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Package deal for BUAD 331 Exam Questions with 100% Correct Answers | Verified
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BUAD 331 Final Exam Questions And Answers (Verified And Updated)
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BUAD 331 Final Exam Questions And 
Answers (Verified And Updated) 
The best starting point to improve profitability - answerdetermining the service levels 
different customers desire and are willing to pay for 
Total Cost of Ownership - answera financial estimate intended to help buyers and owners 
determine the direct and indirect costs (true costs) of a product or system; takes into account 
maintenance, disposal, returns managements, training etc. 
Strategic Profit Model demonstrates the foll...
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BUAD 331 Final Exam Questions And Answers (Verified And Updated)
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BUAD 331 Final Exam Questions And 
Answers (Verified And Updated) 
Paradigm Change for business competition - answerForm, time, place, exchange --> Creating 
value 
Porter Chain Value - answerInbound logistics, operations, outbound logistics, sales, service 
(primary activities) 
-Supplier base--> Integrated enterprise --> market/ distribution network 
Integrated Supply Chain Management - answerTraditional business coordination with 
particular organization within the supply chain for p...
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Buad 331 Final Exam Questions And Answers (Verified And Updated)
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Buad 331 Final Exam Questions And 
Answers (Verified And Updated) 
What Events can result in a supply chain disruption? 
Natural disasters like floods 
Supplier bankruptcy 
Plant fire at a supplier 
All the above - answerAll of the above 
Which of the following was not discussed as examples of disruption impacts? - 
answerManagement stress and turnover 
A strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - 
answerPre due date phase 
When determining th...
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BUAD 331 Final Exam Questions And Answers (Verified And Updated)
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BUAD 331 Final Exam Questions And 
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How 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...
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BUAD 331 Exam Questions And Answers (Verified And Updated)
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BUAD 331 Exam Questions And Answers 
(Verified And Updated) 
Ted is approached by a diving goods supplier who tells him that he can reduce his purchasing 
price by half with ensured quality due to his lower cost structure resulting from his 
manufacturing locations in China. Should Ted accept the supplier's offer and why? 
a.) Yes, cutting the purchase cost by half can provide Ted's products great competitive price in 
the market. 
b.) Yes, ensured quality can reduce product defects and hence ...
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BUAD 331 Module 8 Exam Questions With Verified Answers
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BUAD 331 Module 8 Exam Questions With 
Verified Answers 
Techniques required to shorten lead times in the supply chain enable _________ ____________ 
to demand. - answergreater responsiveness 
Organizations are trying to ramp up the value they create while __________ _______. - 
answercutting time 
Product Life Cycle - answerstages from intro to market, initial stages growth, product 
maturity, to decline stage 
What are the four stages in the product life cycle? - answerintroductory, growth, ma...
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BUAD 331 Final Exam Questions With Verified Answers
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BUAD 331 Final Exam Questions With 
Verified Answers 
Why might a company consider expanding its supply chain internationally? 
1) To obtain access to lower-cost suppliers 
2) To take advantage of a skilled labor base in another country 
3) To support international expansion of sales 
4) To fend off competition from an international competitor 
5) All of the above - answerall of the above 
What is the biggest cause of difficulties in working with another culture? 
1) Language differences 
2) Dif...
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BUAD 331 Exam 2 Questions And Answers (Verified And Updated)
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BUAD 331 Exam 2 Questions And Answers 
(Verified And Updated) 
Sourcing is the inputs (or things we buy), including materials, sub-assembled components, 
equipment, and services, that are required to create value. 
A. True 
B. False - answerB. False 
Which of the following is NOT an area in which successful supply managers need expertise? 
A. Technologies 
B. Customers 
C. Suppliers 
D. Processes 
E. Resources - answerB. Customers 
When purchasing and supply management works well within an organ...
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BUAD 331 Exam Bundle With Complete Solutions.
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BUAD 331 Exam Bundle With Complete Solutions.