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- 1. Organizations can gain a competitive advantage simply by selling products and services at a lower price than competitors. a) True b) False.Buying steel for construction is an example of a(n): O Industrial product Consumer product O Unsought product O Specialty productYou see an opportunity to start a business on a popular tourist beach. You decide to open a small shop nearby and sell items to tourists. Which combination of items makes the most sense to sell? Select one: a. Tents, coolers, hammers, plywood b. Sunscreen, swimsuits, disposable cameras, sunglasses c. Sandals, cement mix, rope, chairs d. Raincoat, fur coat, shovel, tables
- 14- A bakery produces breads, cakes, sweets and snacks. A better way to find the balance when there are several different products is to: *a) use the weighted contribution marginb) choose the most important of the productsc) treat all products as if they were oned) you cannot calculate the break-even pointN2 More specifically, what are the two main reasons why certain things should not be up for sale?Discuss the importance of each of the following:a. Matching supply and demand
- SLO 6.1. Supply contributes to organizational goals and strategies through: Strategic contributions (opportunity maximization)Operational contribution (bottom-line impact)Direct contribution (enhancing performance of others)Indirect contribution (trouble prevention)Profit-leverage contribution (intangible) NEWSLO 6.2. For an organization with revenue of $100 million, purchases of $60 million, and profit of $8 million before tax, a 10 percent reduction in purchase spend would result in an increase in profit of: 10 percent36 percent57 percent60 percent75 percentDetermine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?Which component of the supply chain decision-making framework would be established last among these? O a. Competitive strategy O b. Supply chain strategy С. O c. Supply chain structure O d. Customer strategy
- The electronics industry has often come under scrutiny due to:a.) Primarily high pricesb.) Limited supplyc.) Aggravated demandd.) Planning streams of new productsWhat is value addition?and what is non value additionA manager uses the linear trend line Y = 20 +4 t for the last 10 months. Compute for MAPE if actual demand are as follows. Period 1 2 3 4 5 6 7 8 9 сл 10 O 4.87% O Correct answer is not provided O 6.67% O 5% O 3.88% Actual Demand 30 32 35 40 36 45 50 52 56 62