Step in establishing successful business partnership

Assignment Help Operation Management

Reference no: EM132154844

1. What is the primary factor in establishing a company's real market expectations for a successful partnership?

Promise performance

Appearance of the company's web portal

Actual performance

Actual performance adjusted for unforeseen circumstances

2. What is the first, most direct way sellers can encourage buyers to buy their products?

Develop Performance Work Standards

Provide countertrade

Provide web-based product catalogs

Provide financing for buyers

3. What is one of the primary ways trust can be lost for a successful partnership when business is conducted online?

Catalogs are not kept up-to-date

Information security is not maintained

Websites continually crash

Emails are not answered promptly

4. What is the very first step in establishing a successful business partnership?

Assemble a solid management team

Manage expectations

Draft the appropriate partnership agreement

Determine the customer's needs

5. What is the process called for overseeing a contract from inception to completion during the contract management process?

Conflict management

Project management

Contract management

Pre-to-post award process

6. What is the process when a business acquires goods or services it needs from outside sources during the contract management process?

Outsourcing

Insourcing

Invoicing and payment

Terms and conditions

7. What are the primary duties of project managers in the contract procurement process?

8. Why is source selection, deciding which potential supplier for a good or service a business needs, such an important decision in the contract management process?

9. In the contract procurement process for a typical business organization, how do the duties and responsibilities of the project manager compare to the duties and responsibilities of the contract manager?

10. What is the primary responsibility of PMs in commercial companies in the procurement process?

Ensures the coordinated undertaking of goal-oriented projects

Supports all contracting requirements.

Enters into legally binding contract arrangements

Ensures critical resources are available under tight time frames

11. Considering the contract management process, requests for proposals, quotations, and tenders, and invitations to bid are all forms of:

procurement planning.

the bid/no-bid decision.

contract negotiations.

solicitations.

Reference no: EM132154844

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