FM 2337 Exam 3 review

Front

Which statement is true about quality and price? Options: Consumer do not use price as a quality cue to determine value, Consumer do not believe that there is a positive correlation between quality and price, There is not a correlation between price and quality, None of them

Back

There is not a correlation between price and quality

Front

A total lead time includes: Production time and transportation time, Production time and document processing time, Transportation time and payment processing time, Transportation time and approval time

Back

Production time and transportation time

Front

Which of the following is the most important factor of the right quality for a sourcer? Options: The quality expected by the target consumers of the products, The quality expected by the president of the sourcer’s company, The quality expected by the market researcher of the sourcer’s business, The quality expected by the foreign supplier

Back

The quality expected by the target consumers of the products

Front

Design, construction, finish, and materials are all…

Back

Physical Features

Front

At what stage is achieving quality most effective? Options: Manufacturing, Marketing, Selling, All of them

Back

Manufacturing

Front

Which of the following brands is not a fast fashion brand? ZARA, GAP, MANGO, Tory Burch

Back

Tory Burch

Front

Costs, lead times, production capacity, and availability all affect sourcing.

Back

True

Front

Sourcers always have to look for the highest quality fabrics. True or False?

Back

False

Front

The distribution channel for fast fashion usually contains producer, wholesaler, retailer, and consumer.

Back

False

Front

Making profits is the only important goal of global supply chain management. True or False?

Back

False