
RETAIL MANAGEMENT-FINAL EXAM
Quiz
•
Business
•
12th Grade
•
Medium
John Dormentes
Used 2+ times
FREE Resource
Enhance your content
45 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the main difference between Logistics and Supply Chain Management?
Logistics deals with raw materials, while Supply Chain Management deals with finished products
Logistics is used for international operations, while Supply Chain Management is for local operations
Logistics is a military-based term, while Supply Chain Management is a business sector term
Logistics focuses on transportation only, while Supply Chain Management involves the entire process
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the objective of Supply Chain Management?
To maximize costs and minimize efficiency
To ensure minimum cost and maximum efficiency in handling materials
To reduce customer value and gain a competitive disadvantage
To create delays in production to increase demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which function of Supply Chain Management involves procuring raw materials and coordinating with suppliers?
Purchasing
Resource Management
Logistics
Operations
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the importance of Supply Chain Management for companies?
To create shortages and periods of oversupply
To reduce product quality and customer service
To increase the risk of recalls and lawsuits
To improve profit margins and gain a competitive advantage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which process in the Supply Chain Operations Reference (SCOR) Model involves developing plans to operate the supply chain?
Order
Source
Plan
Transform
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Transform process in the SCOR Model involve?
Scheduling order delivery
Creating products and services
Fulfilling customer orders
Handling customer returns
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the traditional form of Supply Chain Management?
Modern SCM
Digital SCM
Simple SCM
Complex SCM
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
50 questions
Personnel Administration Final Exam
Quiz
•
12th Grade
40 questions
Marketing Prep for the Final
Quiz
•
10th - 12th Grade
40 questions
Operations Management Quiz no. 1 BSBA-FM 3C
Quiz
•
12th Grade
40 questions
Operations Management Quiz No. 1
Quiz
•
12th Grade
50 questions
Marketing Cluster Product Service Management
Quiz
•
9th - 12th Grade
40 questions
Business Structure and Plan Practice
Quiz
•
9th - 12th Grade
41 questions
6A-End of Term Revision
Quiz
•
12th Grade
40 questions
Principles of Accounts Term ReviewQuiz
Quiz
•
10th Grade - University
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade