RETAIL MANAGEMENT-FINAL EXAM

RETAIL MANAGEMENT-FINAL EXAM

12th Grade

45 Qs

quiz-placeholder

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RETAIL MANAGEMENT-FINAL EXAM

RETAIL MANAGEMENT-FINAL EXAM

Assessment

Quiz

Business

12th Grade

Medium

Created by

John Dormentes

Used 2+ times

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45 questions

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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

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