Question:Would you allow managers to accept a gift of any kind (including holiday gifts) from a vendor? Tonya Johnson is the regional manager for Old Town Buffets. Each of the five units shesupervises is in a different town. Produce for each unit is purchased locally by eachbuffet manager. One day, Tonya gets a call from Danny Trevino, one of the buffetmanagers reporting to her. Danny states that one of the local produce suppliers heuses has offered Danny the use of two season tickets to the local university's homefootball games. Danny likes football and wants to accept the tickets.

In general terms, ethical dilemmas refers to a scenario an individual would be required to make a…

Answered: Would you allow managers to accept a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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QUESTION 2 [25 MARKS] Read the following extract and then answer the questions below. Global Blue: "Circle are experts in B2B research and segmentation" From its headquarters near Geneva in Switzerland, Global Blue offers a range of services which help retailers to increase their revenues from the lucrative international traveller market by offering VAT refunds. Having introduced the concept of Tax-Free Shopping over 30 years ago, Global Blue now works with over 270,000 of the world's favourite retailers, shopping brands and hotels in over 40 countries. Like many other B2B businesses, Global Blue believes that the purchasing behaviour of their target market is largely influenced by their 'firmographic profile' their size, their speciality, their home country and so on. However, examples of retailers behaving in unexpected ways, given their firmographic profile, led Global Blue to consider a different viewpoint. Are a retailer's needs and attitudes not a far more powerful predictor of…
QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT? Retailer only faces underage risk. Supplier faces both underage and overage risks. Suppliers tend to produce less than the supply chain optimal quantity. The retailer has to purchase at least the quantity it reports to the supplier. QUESTION 2 Assume that the firm can source from 2 faraway suppliers (each has Lead time = 4 months, capacity=60 k) and 2 Closeby suppliers (each Lead time =0 month, capacity=40k). The sales season starts in May. Which of the following statements regarding sourcing is INCORRECT? The production change should be only applied to the Closeby supplier so that the firm can benefit from the change in time. The production at the Faraway supplier should start in January and the production at Close-by supplier should start in May. The firm should source from a combination of one faraway supplier and one close-by…
Q.11. The markup percent is based on cost. Compute the missing terms. Markup Dollar Selling Markup Price Percent 45% Cost $2,680
Question 1 (a) Many airlines were badly affected by the volatility in fuel prices during the Global Financial Crisis of 2008-2009. Using the example of Cathay Pacific’s cargo business, appraise the importance of managing fuel costs in the context of the airline’s profitability. In view of rising fuel prices, would you recommend Cathay Pacific to select the option of using converted freighters or ACMI management? Offer your views on the advantages and disadvantages of these two options.
QUESTION 22 The benefits of technology spillovers: Do not really exist. Cannot exist in theory. Will be overproduced by the market. Are shared evenly. Are not shared equally.
Question 5 You are receiving an shipment and come across a box of shaving cream. What should you do? Please choose all that apply. Receive the shaving cream Raise an Andon CSecure it well with bubble wrap after scanning it in O Note is as Flammable on your workstation Submit
Question 35 For every consumer who purchases a pair of TOMS shoes, the company promises that a needy child will receive a pair of shoes. TOMS shoes is actively fulfilling its O legal responsibility. O philanthropic responsibility. O ethical responsibility O economic responsibility.
Question Four (4) You have been appointed as a member of the Evaluation Committee at your organisation. The Committee is made up of five members drawn from different departments from within the company. The Chief Executive of your company is new and wants you as the procurement expert to educate him on what goes on in an evaluation. Discuss the stages of evaluation for a goods procurement highlighting some common criteria at each stage. Explain your understanding of the term “Declaration of Interest” in evaluations and its implication.
When customers try to pit suppliers against each other to drive down the price, the salesperson should offer an initial discount and raise the price later on. Question 13 options: True False
Question 3 Dr. Peter Kraljic claims that there is no single best way existed for managing purchasing in allcircumstances. He proposed “Kraljic Purchasing Portfolio model”. Elaburate the FOUR (4)Purchasing Portfolio with suitable examples answer should be elaborated with proper examples.

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