Please Read The Instructionsthis Is An Open Book And Open Notes Test
Please Read The Instructionsthis Is An Open Book And Open Notes Test
PLEASE READ THE INSTRUCTIONS This is an OPEN BOOK and OPEN NOTES test. However, you are NOT allowed to work with other individuals, share information, or otherwise collaborate in any way during the test. The time available to complete the test is 40 minutes. This test consists of: Multiple choice questions: 17 questions @ .22 points each 3.74 points For each question or statement, check the letter of the most appropriate response.
Timed Test This Test has the time limit of 40 minutes. You are notified when time expires, and you may continue or submit. Warnings appear when half the time , 5 minutes , 1 minute , and 30 seconds remain.
Multiple Attempts Not allowed. This Test can only be taken once.
Force Completion This Test can be saved and resumed later. Remaining Time: 18 minutes, 32 seconds.
Question Completion Status: Question . [2605] All of the following are benefits of a multisite type of expansion except: Answer a. ability to reach a mass market quickly. b. reduced financial risk from local economic downturn. c. preemption of competitors by capturing premium locations. d. retention of control.
0.22 points Question . [2601] A strategy that may be used by urban retailers to locate multiple sites close to each other in high-density areas despite the potential for cannibalization is called: Answer a. competitive clustering. b. marketing intermediaries. c. saturation marketing. d. saturation clustering.
0.22 points Question [3609] In the annual cost curve for the EOQ model, the ordering cost with the order quantity. Answer a. increases linearly b. decreases linearly c. increases negative exponentially d. decreases negative exponentially 0.22 points Question . [2607] Multinational expansion by a service firm is: Answer a. often driven by customer demand. b. vital for growth. c. not recommended for labor intensive operations. d. primarily a defense strategy. 0.22 points Question . [71109] Frei argues that a manufacturing environment is different than a service environment. What makes service different than manufacturing? Answer a.
Service and manufacturing environments are so similar that customers do not perceive any real differences. b. Manufacturing has more variables than a service offering and is therefore more complex. c. Customers judge quality of their experience primarily by how much variability is accommodated. d. Service has more variables than a manufacturing environment and is therefore more complex. 0.22 points Question . [73610] During the year (360 days), Dutch Farms sells 2,160 cases of cheese.
Due to spoilage, Dutch Farms estimates that it costs the firm $12.50 per year to store a case of cheese. The cost to place an order runs about $15. The desired service level is 98 percent. The lead time is one day. Which of the following statements is accurate?
Answer a. The EOQ is 72 which will require about 1 order per 12 days. b. The EOQ is 84 which will require about 1 order per 15 days. c. The EOQ is 54 which will require about 2 orders per month. d. The EOQ is 60 which will require about 1 order per 10 days. e.
The EOQ is 40 which will require about 2 orders per month. 0.22 points Question . [2511] The following marketing phenomenon occurs when there exists within two city blocks the following hamburger outlets: McDonald's, Burger King, Sonic, and Wendys. Answer a. competitive clustering. b. customized marketing. c. saturation marketing. d. relationship marketing. 0.22 points Question . [2112] Referencing Frei's article, when a company faces customer induced variability, they have two choices - to accommodate or to reduce it. Which of the following is true?
Answer a. Low cost service providers will typically try to accommodate customer variability. b. High cost service providers will typically try to reduce customer variability. c. Low cost service providers will typically try to reduce customer variability. d. None of the statements are true.
0.22 points Question [2514] Which of the following is not one of Kenichi Ohmae's five "Cs" of strategic planning in a borderless world economy? Answer a. Competitors b. Creativity c. Company d. Country 0.22 points Question . [2513] Which of the following is not a benefit to the franchisee of a franchise? Answer a. Brand name b. National advertising c. Economics of scale d. Autonomy 0.22 points Question [72512] The disadvantage of saturation marketing lies in which of the following areas? Answer a. Increased advertising costs b. Cannibalization of business c. Increased supervision requirement d. Reduction in customer awareness 0.22 points Question . [3603] The cross-median approach is used for location. Answer a. single facility b. multiple facility c. (a) and (b) d. none of the above 0.22 points Question [2606] When franchising which one of the following is not a benefit to the franchiser? Answer a. Proven business b. Rapid expansion c. Right to dictate conditions d. Fees from the franchisee 0.22 points Question . [3602] The optimization criteria governing the location of a service facility is determined mainly by the: Answer a. ownership of the service, i.e., public or private. b. kind of service, e.g. food, banking, or postal. c. number of facilities to be located. d. average size of the facilities to be located. 0.22 points Question [3608] Service level influences and ________. Answer a. reorder point, safety
stock b. reorder point, backorder quantity c. safety stock, backorder quantity d. backorder quantity, lead-time demand 0.22 points Question [3604] When applying a cross-median approach for a facility location decision, the optimal facility location will definitely be represented by a line segment in which of the following situations?
Answer a. The north-south median line has only one position and the east-west median line has only one position. b. The north-south median line has only one position and the east-west median line has multiple positions. c. The north-south median has multiple positions and the east-west median line has multiple positions. d. The demand generators are evenly distributed. e.
The demand generators are clustered in one area only. 0.22 points Question [3515] In the ABC inventory classification, C items can best be described as: Answer a. expensive. b. among the most numerous. c. having a high stockout cost. d. requiring close attention. Save and Submit
Please Read The Instructionsthis Is An Open Book And Open Notes Test
Please Read The Instructionsthis Is An Open Book And Open Notes Test
PLEASE READ THE INSTRUCTIONS This is an OPEN BOOK and OPEN NOTES test. However, you are NOT allowed to work with other individuals, share information, or otherwise collaborate in any way during the test. The time available to complete the test is 40 minutes. This test consists of: Multiple choice questions: 17 questions @ .22 points each …..…. 3.74 points For each question or statement, check the letter of the most appropriate response.
Timed Test This Test has the time limit of 40 minutes. You are notified when time expires, and you may continue or submit. Warnings appear when half the time , 5 minutes , 1 minute , and 30 seconds remain. Multiple Attempts Not allowed. This Test can only be taken once.
Force Completion This Test can be saved and resumed later. Remaining Time: 18 minutes, 32 seconds. Question Completion Status: Question [2605] All of the following are benefits of a multisite type of expansion except: Answer a. ability to reach a mass market quickly. b. reduced financial risk from local economic downturn. c. preemption of competitors by capturing premium locations. d. retention of control. 0.22 points Question [2601] A strategy that may be used by urban retailers to locate multiple sites close to each other in high-density areas despite the potential for cannibalization is called: Answer a. competitive clustering. b. marketing intermediaries. c. saturation marketing. d. saturation clustering.
0.22 points Question . [3609] In the annual cost curve for the EOQ model, the ordering cost with the order quantity. Answer a. increases linearly b. decreases linearly c. increases negative exponentially d. decreases negative exponentially 0.22 points Question . [2607] Multinational expansion by a service firm is: Answer a. often driven by customer demand. b. vital for growth. c. not recommended for labor intensive operations. d. primarily a defense strategy. 0.22 points Question . [71109] Frei argues that a manufacturing environment is different than a service environment. What makes service different than manufacturing? Answer a.
Service and manufacturing environments are so similar that customers do not perceive any real differences. b. Manufacturing has more variables than a service offering and is therefore more complex. c. Customers judge quality of their experience primarily by how much variability is accommodated. d. Service has more variables than a manufacturing environment and is therefore more complex. 0.22 points Question . [73610] During the year (360 days), Dutch Farms sells 2,160 cases of cheese.
Due to spoilage, Dutch Farms estimates that it costs the firm $12.50 per year to store a case of cheese. The cost to place an order runs about $15. The desired service level is 98 percent. The lead time is one day.
Which of the following statements is accurate?
Answer a. The EOQ is 72 which will require about 1 order per 12 days. b. The EOQ is 84 which will require about 1 order per 15 days. c. The EOQ is 54 which will require about 2 orders per month. d. The EOQ is 60 which will require about 1 order per 10 days. e.
The EOQ is 40 which will require about 2 orders per month. 0.22 points Question [2511] The following marketing phenomenon occurs when there exists within two city blocks the following hamburger outlets: McDonald's, Burger King, Sonic, and Wendys. Answer a. competitive clustering. b. customized marketing. c. saturation marketing. d. relationship marketing. 0.22 points Question . [2112] Referencing Frei's article, when a company faces customer induced variability, they have two choices - to accommodate or to reduce it. Which of the following is true?
Answer a. Low cost service providers will typically try to accommodate customer variability. b. High cost service providers will typically try to reduce customer variability. c. Low cost service providers will typically try to reduce customer variability. d. None of the statements are true.
0.22 points Question [2514] Which of the following is not one of Kenichi Ohmae's five "Cs" of strategic planning in a borderless world economy? Answer a. Competitors b. Creativity c. Company d. Country 0.22
points Question . [2513] Which of the following is not a benefit to the franchisee of a franchise? Answer a. Brand name b. National advertising c. Economics of scale d. Autonomy 0.22 points Question [72512] The disadvantage of saturation marketing lies in which of the following areas? Answer a. Increased advertising costs b. Cannibalization of business c. Increased supervision requirement d. Reduction in customer awareness 0.22 points Question . [3603] The cross-median approach is used for location. Answer a. single facility b. multiple facility c. (a) and (b) d. none of the above 0.22 points
Question [2606] When franchising which one of the following is not a benefit to the franchiser? Answer a. Proven business b. Rapid expansion c. Right to dictate conditions d. Fees from the franchisee 0.22 points Question [3602] The optimization criteria governing the location of a service facility is determined mainly by the: Answer a. ownership of the service, i.e., public or private. b. kind of service, e.g. food, banking, or postal. c. number of facilities to be located. d. average size of the facilities to be located. 0.22
points Question [3608] Service level influences and ________. Answer a. reorder point, safety stock b. reorder point, backorder quantity c. safety stock, backorder quantity d. backorder quantity, lead-time demand 0.22 points Question . [3604] When applying a cross-median approach for a facility location decision, the optimal facility location will definitely be represented by a line segment in which of the following situations?
Answer a. The north-south median line has only one position and the east-west median line has only one position. b. The north-south median line has only one position and the east-west median line has multiple positions. c. The north-south median has multiple positions and the east-west median line has multiple positions. d. The demand generators are evenly distributed. e.
The demand generators are clustered in one area only. 0.22 points Question . [3515] In the ABC inventory classification, C items can best be described as: Answer a. expensive. b. among the most numerous. c. having a high stockout cost. d. requiring close attention. Save and Submit