Reference no: EM132299285
1. Many firms report lack of support from __________ as being one of the major problems encountered in the implementation of JIT (Lean) purchasing.
a. Stakeholders
b. Stockholders
c. Top Management
d. Bankers
e. Lenders
2. The JIT and Traditional approach focuses on which of the following:
a. Manufacturing lead time
b. Paperwork lead time
c. Transportation lead time
d. Receiving and Inspection
3. The expectations of JIT include some of the following
a. A long-term business agreement
b. A fair return on supplier investment
c. Adequate time for thorough planning
d. Accurate demand functions
e. All of the above
4. Every TM must be able to read and compute his/her customers fuel surcharges. Thus your math skills are important as a TM. Attached is a sample. For 1/18/2011, fuel prices 3.40, effective 061609, calculate the fuel surcharge dollars for the following:
A. Regular load 348 miles:
B. Regular load 716 miles:
C. Refrigerated load 612 miles:
figure the three fuel surcharges.
5. Mont Blanc uses a differentiation strategy that focuses on the social and emotional aspects of their product to appeal to a specific consumer segment. Which of the following initiatives would most be in keeping with their strategy?
an increase in the service warranty from 1 year to 2 years
an agreement with OfficeMax to more prominently show Mont Blanc pens in the writing instrument section of their stores
the release of a new pen that uses a smoother roller ball effect
an agreement with online providers to offer discounted pens
an engraving service for pen owners who may wish to will their pens to loved one
6. Which of the following would NOT be a reason for Bic to decide to compete in Mont Blanc’s market?
Bic’s reputation would be detrimental when competing in Mont Blanc’s target market.
Bic’s marketing department isn’t geared to addressing Mont Blanc’s target market.
Bic is a large publicly traded company with significant financial resources.
Bic’s manufacturing facilities would need to be retooled to compete in Mon Blanc’s target market.
Bic’s distribution capabilities are not well designed to reach Mont Blanc’s target market.