Multiple choice questions

8 important questions on Multiple choice questions

Reverse logistics is best charactarised by

The movement of goods from customers back to sellers / manufacturers

According to research performed by University of Texas, a lenient return policy negatively impacts a company's sales

No

Which of the following statements is NOT a requirement for a firm to achieve complete strategic fit?

Establishing secondary markets for the goods that have been recovered by the merchant from the client who initially ordered it in the beginning but chose to return it.
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The main incentive for offshoring is related to increasing the profit margins for the company

yes

What is the primary objective of offshoring as a strategic decision in business?

Improving competitive position and profit margin

Which of the following is not a typical inventory function?

Taking advantage of quantity discounts and hedging against inflation

Is Flow time efficiency is the ratio of the theoretical flow time to the actual average flow time?

Yes

Does achieving strategic fit involve aligning the goals of a company's competitive and supply chain strategies for consistency between customer priorities and supply chain capabilities?

Yes

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