1.) Developing a reliable and trustworthy supplier base is critical to success. True False
1.) Developing a reliable and trustworthy supplier base is critical to success.
2.)The tragedy surrounding the Rana Plaza Factory collapse would have most likely been avoided with sound corporate social responsibility practices in place.
3.)Supply strategies are crucial to a business’s success.
4.)Location of a factory would not be considered a key factor in the decision-making process surrounding supplier choice.
5.)Fast fashion does not negatively impact the environment.
6.)Most apparel companies own their own factories and control their own fabric supply.
7.)Retailers have embraced the omnichannel model to provide buying options for their customers.
8.)Strategic line planning is considered necessary in developing the end product.
9.)Near-shoring’s main benefit is
reducing lead time.
cutting down on travel costs.
using less people.
None of these are a benefit.
10.)Re-shoring brings production back from
another brand.
a competing retailer.
a foreign country.
a local neighborhood.
11.) Strategic line planning can
reduce costs.
ensure transparency.
aligns trends with consumer needs.
All of these.
12.)Factors to consider when selecting a country to source in is/are
social and political climate.
price.
infrastructure.
All of these are considerations.
13.)The term FOB is short for
freight overboard.
free on board.
freight out back.
free on boat.
14.)Full packages convey the meaning that the seller (factory)
covers all the freight charges.
provides all patterns and markers.
provides all services to bring the product to market.
covers the retailer’s markdowns.
15.)Which of the following in not considered a shipping method?
FOB
LDP
CSR
CIF
16.)Which retailer would be considered the best at fast fashion?
Zara
H&M
Sears
Forever 21
17.)Which are key points to consider when sourcing new suppliers?
production capabilities
logistics
brand
a and b, but not c
18.)Morgan in 1993 identified the following factors to help buyers compete in the marketplace:
product design
choice of retailer
customer satisfaction
a and c, but not b
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