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1 | |
A company gains a competitive advantage by providing a product or service in a way that customers value less than what the competition is able to do. |
| | A) | True |
| | B) | False |
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2 | |
A temporary advantage simply means that whatever you do, sooner or later the competition duplicates what you've done, or even leap-frogs you with an even better system. |
| | A) | True |
| | B) | False |
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3 | |
Collaborative planning, focusing, and replenishment (CPFR) is a concept that encourages and facilitates collaborative processes between members of a supply chain. |
| | A) | True |
| | B) | False |
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4 | |
An alliance partner lets two or more companies cooperate by integrating their IT systems, thereby providing customers with the best of what each can offer. |
| | A) | True |
| | B) | False |
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5 | |
Business to Business (B2B) is the term used for companies whose customers are primarily individuals. |
| | A) | True |
| | B) | False |
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6 | |
Supply chain is an approach that produces or delivers a product or service just at the time the customer wants it. |
| | A) | True |
| | B) | False |
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7 | |
If the buyers in a particular industry hold a lot of the power, the industry is less attractive to enter. |
| | A) | True |
| | B) | False |
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8 | |
Cost differentiation, leadership, and focused strategy are included in Porter's three generic strategies. |
| | A) | True |
| | B) | False |
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9 | |
The value chain views the organization as a chain - or series - of processes, each of which adds value to the product or service for the customer. |
| | A) | True |
| | B) | False |
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10 | |
Disintermediation simply means that with technology as a delivery vehicle, intermediate players in a distribution channel can be bypassed. |
| | A) | True |
| | B) | False |
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