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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Quiz Module 1

Quiz Module 1

Q 1. An organization’s decision to establish a factory in a different country that can provide labor at significantly lower wages is likely based on which of the following rationales? 2. Extendo Corporation has developed and patented a new hybrid tablet/cell phone design that allows a laptop-size tablet screen to fold up to the size of a cell phone; it also functions as a cell phone. It represents the ultimate in portable technology. Which of the following costs is likely to dominate the decisions made regarding supply chain strategy for this new and innovative device? 3. The demand for men’s razor blade refills is predictable, with lower average demand forecast error, low profit margins, and low stock-out rates. Which of the following statements is most likely TRUE for the supply chain of a company that provides razor blade refills for men’s shavers? 4. Which of the following products is most likely subject to a market-responsive supply chain strategy? 5. Which of the following products is most likely subject to a physically efficient supply chain strategy?

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1. Lower wages will make up for higher logistics costs, Lower overall product costs will lead to higher profit margins, Lower wages will make up for higher inventory costs 2. Lost customer goodwill due to shortage or stock-out 3. The primary goal of the supply chain for razor blade refills is cost minimization and efficiency. 4. High-fashion apparel 5. Paper clips