Question 1

Which of the following is a potential route to growth as identified by Ansoff (1980)?

Accepted Answer

A)  Market penetration. 
B)  Divestment. 
C)  Partnership. 
D)  Globalisation. 
A)  Market penetration. 
B)  Divestment. 
C)  Partnership. 
D)  Globalisation. A

Question 2

Which of the following best describes a low supply risk?

Accepted Answer

A)  Sourcing from one supplier with an alternative source of supply. 
B)  Sourcing from many suppliers and switching costs are high. 
C)  Sourcing from one supplier with an alternative source of supply 
D)  Sourcing from many suppliers and switching costs are low. 
A)  Sourcing from one supplier with an alternative source of supply. 
B)  Sourcing from many suppliers and switching costs are high. 
C)  Sourcing from one supplier with an alternative source of supply 
D)  Sourcing from many suppliers and switching costs are low. D

Question 3

Which of the following are characteristics of 'leverage products'?

Accepted Answer

A)  Sourcing from one supplier at standard quality grades. 
B)  Sourcing from many suppliers at standard quality grades. 
C)  Sourcing from one supplier at variable quality grades. 
D)  Sourcing from many suppliers at variable quality grades. 
A)  Sourcing from one supplier at standard quality grades. 
B)  Sourcing from many suppliers at standard quality grades. 
C)  Sourcing from one supplier at variable quality grades. 
D)  Sourcing from many suppliers at variable quality grades. B

Question 4

Which of the following is not a segment in the 'Dutch windmill'?

Accepted Answer

A)  Core. 
B)  Development. 
C)  Exploitation. 
D)  Supplementary. 
A)  Core. 
B)  Development. 
C)  Exploitation. 
D)  Supplementary.

Question 5

Which of the following best describes 'Quality assurance'?

Accepted Answer

A)  Minimising complaints. 
B)  Keeping up the methods and procedures of quality management. 
C)  Continuous improvement. 
D)  Achieving a quality award. 
A)  Minimising complaints. 
B)  Keeping up the methods and procedures of quality management. 
C)  Continuous improvement. 
D)  Achieving a quality award.

Question 6

Which of the following are enabling processes following the view of Monczka?

Accepted Answer

A)  Establish customer lists. 
B)  Establish timescales. 
C)  The identification of premises requirements. 
D)  Establish human resource development and training. 
A)  Establish customer lists. 
B)  Establish timescales. 
C)  The identification of premises requirements. 
D)  Establish human resource development and training.

Question 7

Which of the following best explains 'supplier development and quality management'?

Accepted Answer

A)  Suppliers required to achieve quality accreditation. 
B)  Suppliers encouraged to diversity. 
C)  Suppliers challenged to provide new ideas for improvement. 
D)  Suppliers invited to contribute to strategic planning processes. 
A)  Suppliers required to achieve quality accreditation. 
B)  Suppliers encouraged to diversity. 
C)  Suppliers challenged to provide new ideas for improvement. 
D)  Suppliers invited to contribute to strategic planning processes.

Question 8

Which of the following is a characteristic of 'performance-based partnership'?

Accepted Answer

A)  Thorough selection of supplier. 
B)  A joint venture. 
C)  Customers rate your performance. 
D)  Suppliers and distributors working together. 
A)  Thorough selection of supplier. 
B)  A joint venture. 
C)  Customers rate your performance. 
D)  Suppliers and distributors working together.

Question 9

Which of the following is a potential source from which competitive advantage could be derived in the purchasing domain?

Accepted Answer

A)  Superior skills. 
B)  Buying a product at the cheapest price. 
C)  Buying a product efficiently. 
D)  Buying a product effectively. 
A)  Superior skills. 
B)  Buying a product at the cheapest price. 
C)  Buying a product efficiently. 
D)  Buying a product effectively.

Question 10

Which of the following best explains 'resource-dependency theory'?

Accepted Answer

A)  Business success is primarily achieved through deploying a company's external resources. 
B)  Business success is primarily achieved through deploying a company's internal resources. 
C)  Business success is primarily achieved through efficiency gains. 
D)  Business success is primarily achieved through deploying a company's external and internal resources. 
A)  Business success is primarily achieved through deploying a company's external resources. 
B)  Business success is primarily achieved through deploying a company's internal resources. 
C)  Business success is primarily achieved through efficiency gains. 
D)  Business success is primarily achieved through deploying a company's external and internal resources.

Question 11

Which of the following best describes the objective of 'global sourcing'?

Accepted Answer

A)  The global exploitation of efficiencies in the delivery of a product or service. 
B)  Always purchasing from outwith the EU. 
C)  Identification of the cheapest supplier regardless of country of origin. 
D)  Utilisation of cheap labour countries to supply. 
A)  The global exploitation of efficiencies in the delivery of a product or service. 
B)  Always purchasing from outwith the EU. 
C)  Identification of the cheapest supplier regardless of country of origin. 
D)  Utilisation of cheap labour countries to supply.

Question 12

Which of the following is not an element in the Value Chain?

Accepted Answer

A)  Inbound logistics. 
B)  Outbound logistics. 
C)  Product performance. 
D)  Marketing. 
A)  Inbound logistics. 
B)  Outbound logistics. 
C)  Product performance. 
D)  Marketing.

Question 13

Which of the following best explains 'strategic cost management'?

Accepted Answer

A)  The identification of all costs, cost drivers and strategies aimed at reducing or eliminating costs through the supply chain. 
B)  The identification of all costs, cost drivers and strategies aimed at reducing or eliminating errors. 
C)  The identification of all costs aimed at reducing or eliminating costs through the supply chain. 
D)  The identification of all costs, cost drivers and strategies aimed at reducing or eliminating costs through the distribution chain. 
A)  The identification of all costs, cost drivers and strategies aimed at reducing or eliminating costs through the supply chain. 
B)  The identification of all costs, cost drivers and strategies aimed at reducing or eliminating errors. 
C)  The identification of all costs aimed at reducing or eliminating costs through the supply chain. 
D)  The identification of all costs, cost drivers and strategies aimed at reducing or eliminating costs through the distribution chain.

Question 14

Which of the following are characteristics of 'leverage products'?

Accepted Answer

A)  They are bought in single volumes. 
B)  They are bought infrequently. 
C)  They are bought at large volumes. 
D)  They are bought at small volumes. 
A)  They are bought in single volumes. 
B)  They are bought infrequently. 
C)  They are bought at large volumes. 
D)  They are bought at small volumes.

Question 15

Which of the following is a criterion for differentiating between customers?

Accepted Answer

A)  Benchmarking. 
B)  History. 
C)  Supplier's competitive position. 
D)  Market share. 
A)  Benchmarking. 
B)  History. 
C)  Supplier's competitive position. 
D)  Market share.

Question 16

Which of the following should be considered when assessing a company's competitive position?

Accepted Answer

A)  Human resource management. 
B)  Suppliers. 
C)  Infrastructure. 
D)  Marketing. 
A)  Human resource management. 
B)  Suppliers. 
C)  Infrastructure. 
D)  Marketing.

Question 17

Which of the following is not a primary activity element in the Value Chain?

Accepted Answer

A)  Human resource management. 
B)  Outbound logistics. 
C)  Operations management. 
D)  Marketing. 
A)  Human resource management. 
B)  Outbound logistics. 
C)  Operations management. 
D)  Marketing.

Question 18

Which of the following is a potential route to growth as identified by Ansoff (1980)?

Accepted Answer

A)  Product development. 
B)  Divestment. 
C)  Partnership. 
D)  Globalisation. 
A)  Product development. 
B)  Divestment. 
C)  Partnership. 
D)  Globalisation.

Question 19

Which of the following should be considered when assessing a company's competitive position?

Accepted Answer

A)  Human resource management. 
B)  Economic conditions. 
C)  Customers. 
D)  Marketing. 
A)  Human resource management. 
B)  Economic conditions. 
C)  Customers. 
D)  Marketing.

Question 20

Which of the following is a supplier strategy?

Accepted Answer

A)  Benchmarking. 
B)  Category Management and e-Procurement solutions. 
C)  Audit. 
D)  First respondent wins the order. 
A)  Benchmarking. 
B)  Category Management and e-Procurement solutions. 
C)  Audit. 
D)  First respondent wins the order.

Which of the following is a potential route to growth as identified by Ansoff (1980)?

Which of the following best describes a low supply risk?

Which of the following are characteristics of 'leverage products'?

Which of the following is not a segment in the 'Dutch windmill'?

Which of the following best describes 'Quality assurance'?

Which of the following are enabling processes following the view of Monczka?

Which of the following best explains 'supplier development and quality management'?

Which of the following is a characteristic of 'performance-based partnership'?

Which of the following is a potential source from which competitive advantage could be derived in the purchasing domain?

Which of the following best explains 'resource-dependency theory'?

Which of the following best describes the objective of 'global sourcing'?

Which of the following is not an element in the Value Chain?

Which of the following best explains 'strategic cost management'?

Which of the following are characteristics of 'leverage products'?

Which of the following is a criterion for differentiating between customers?

Which of the following should be considered when assessing a company's competitive position?

Which of the following is not a primary activity element in the Value Chain?

Which of the following is a potential route to growth as identified by Ansoff (1980)?

Which of the following should be considered when assessing a company's competitive position?

Which of the following is a supplier strategy?

The Role of Purchasing in the Value Chain

Industrial Buying Behavior: Decision-Making in Purchasing

The Purchasing Management Process

Buying Business Services

Contract Management for Complex Projects

Public Procurement

Outsourcing and Risk Management

Category Sourcing: Developing Effective Sourcing Strategies

Purchasing Innovation and Quality Management

Purchasing Logistics and Supply Chain Management

Purchasing Organization

Performance Measurement and Governance in Purchasing

Cost Approaches and Techniques

Purchasing, Corporate Social Responsibility and Integrity

Filters

Exam 7: Purchasing and Business Strategy

Which of the following is a potential route to growth as identified by Ansoff (1980)?

Which of the following best describes a low supply risk?

Which of the following are characteristics of 'leverage products'?

Which of the following is not a segment in the 'Dutch windmill'?

Which of the following best describes 'Quality assurance'?

Which of the following are enabling processes following the view of Monczka?

Which of the following best explains 'supplier development and quality management'?

Which of the following is a characteristic of 'performance-based partnership'?

Which of the following is a potential source from which competitive advantage could be derived in the purchasing domain?

Which of the following best explains 'resource-dependency theory'?

Which of the following best describes the objective of 'global sourcing'?

Which of the following is not an element in the Value Chain?

Which of the following best explains 'strategic cost management'?

Which of the following are characteristics of 'leverage products'?

Which of the following is a criterion for differentiating between customers?

Which of the following should be considered when assessing a company's competitive position?

Which of the following is not a primary activity element in the Value Chain?

Which of the following is a potential route to growth as identified by Ansoff (1980)?

Which of the following should be considered when assessing a company's competitive position?

Which of the following is a supplier strategy?

The Role of Purchasing in the Value Chain

Industrial Buying Behavior: Decision-Making in Purchasing

The Purchasing Management Process

Buying Business Services

Contract Management for Complex Projects

Public Procurement

Outsourcing and Risk Management

Category Sourcing: Developing Effective Sourcing Strategies

Purchasing Innovation and Quality Management

Purchasing Logistics and Supply Chain Management

Purchasing Organization

Performance Measurement and Governance in Purchasing

Cost Approaches and Techniques

Purchasing, Corporate Social Responsibility and Integrity

Filters