A car producer considers whether to buy the motor for its car from a supplier or to produce it. Which of the above is a transaction cost of buying
Q: Disscus benefits and risks of aggreting inventory in the supply chain . Include in the disscution an…
A: Aggregate inventory control maintains several individual products under each category.
Q: When a customer allows the supplier to manage inventory policy for an item or group of items.
A: Inventory management refers to the process including ordering, storing, and using a company's…
Q: Regal Marine finds that it must spend a huge portion of its revenue on purchases. Regal has also…
A: Regal has built a competitive and efficient supply chain in the production of the highest quality…
Q: You can better control your suppliers by having less new suppliers * True O False
A: A vendor, also known as a supplier, is an individual or a business substance that sells something.…
Q: For the purpose of supplier integration, in ______approach the buying organization consults…
A: Supplier integration is the communications and relations between the suppliers and customers with…
Q: Holding inventory in the supply chain involves numerous risks. Identify the risks and explain why…
A: Carrying inventory serves the primary goal of providing your consumers with the goods and services…
Q: Business ethics necessitate suppliers to underst- expect them to offer products which are going to…
A: Business - The activity which is related with the production and the manufacturing of the product…
Q: What is the term of shipping directly from the supplier to the end consumer rather than from the…
A: In organization products are introduced as per the requirements and needs of consumers. Every…
Q: When a buying team visit a potential supplier, what evidence might they find that managers are not…
A: Factors that lead to rejection of potential suppliers:
Q: A main reason to choose a new supplier is because their expected performance is better than the…
A: Keeping a new supplier is one of the most critical decisions a company will perform. A good…
Q: Is it true or false that a purchase order is legally binding once if is officially issued by the…
A: The purchase order is used for different reasons, 1) Clear expectations about the product that…
Q: Sometimes a company may need to purchase goods or services that are unique, very complex, and/or…
A: Every company uses different methods for placing order of different kind of products with its…
Q: Do companies have an obligation to the employees of their suppliers? Why or why not
A: In a general context, companies are obliged to look after the interests and welfare of their…
Q: The maximum legal price which the suppliers can charge for a particular good or service is known…
A: Pricing is difficult due to various market capabilities and pricing arrangements around the globe.…
Q: A supply chain that must deal with high levels of both supply and demand uncertainty.
A: A supply chain that must deal with high levels of both supply and demand uncertainty is known as the…
Q: What factors cause the company to carry minimal amounts of certain inventories? What benefits result…
A: Sometimes it happens that if the organization maintains a high level of inventory for the final…
Q: Your widget factory requires GWium for polishing. GWium is expensive but worth it and a little goes…
A: Given Information: Each widget requires 0.1 ounces of GWium to produce Supply contract: 10,000…
Q: Put the following steps of the purchasing process in the correct order. Label # 1 being the first…
A: The consumer purchase decision process refers to the process through which a consumer goes when he…
Q: Please select the correct order of operations from first to last in the procurement process: PAy…
A: Given the order of operations: 1. Pay for goods 2. Receive the invoice ( 3-way match) 3. Create a…
Q: Module: Principles of Purchasing & Supplies. Qn: Explain how the Push and Pull factor effect can…
A: The goal of a push and pull distribution strategy is to guide your promotional path to market.…
Q: The fewer different suppliers a firm has, the greater control it can exercise over suppliers O True…
A: The correct answer is False Because Suppliers are the third party organizations that supply goods…
Q: A company that manufactures cars would use about 50,000 steering wheels per year. Such steering…
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: a manufacturer produces a crib at a cost of $120 and adds a markup of 65% of the cost to determine…
A: Cost to produce Crib = $120 Adds markup cost = 65% Discount = 20%
Q: Which of the following is not a way of evaluating suppliers? A) the physical location of the…
A: Option B is the correct answer.
Q: Suppose that a large discount retailer with a lot of purchasing power in a supply chain requires…
A: A new information system will reduce the cost of placing orders between the retailers and its…
Q: Annual demand for your product is 50,000 units. Holding cost is 25% of the value of the item. The…
A: Economic order quantity = [(2*annual demand*cost per order/holding cost)]^1/2 annual demand =…
Q: . Supplier is an entity that supplies goods and services to another organization A. True B. False
A: A supplier is a person or an entity that gives a thing or organization to another component. The…
Q: dinars annually, find the following: break-even point (quantities), break-even point (values),…
A:
Q: In a SUPPLIER and PART relations, when each supplier can supply more than one part, but each part…
A: In a supplier and part relations, if each supplier supplies more than one part and in return, each…
Q: What would a manager do if they noticed they received a damaged product after they signed the…
A: Shipping claims are important to be understood by both, the buyer and the vendor. Because for…
Q: What would be the relationship (one-to-one, one-to-many, or many-to-many) relationship between:…
A: One-to-one relationships partner one record in one table with a solitary record in the other table.…
Q: Corporations and public bodies often define procurement processes intended to promote fair and open…
A: The answer is as below:
Q: Where does a customer who is unfamiliar with a certain supplier obtain then necessary information?
A: Supply chain can be described as the network which is created between the organization and its raw…
Q: snip
A: The supply preference model is an essential procurement tool. It is also called supplier's…
Q: A purchasing agent need not worry about a tiny difference in price when a large quantity is being…
A: Distribution implies dispersal and placement of goods and services at the right location for selling…
Q: If a supplier has a weak area, under what conditions would supplierdevelopment be appropriate?
A: Supplier selection is a necessary process in procurement because it determines the final product…
Q: A watch store owner decided to offer 20% discount for a particular brand of watch that sells at 35,…
A: The above question is from the topic Calculation of Gross Profit. To calculate the profit or loss of…
Q: Develop a list of topics that nonpurchasing personnel should be allowed to talk about with their…
A: The topics that non purchasing personnel should be allowed to talk about with their counterparts at…
Q: If a supplier has some are as of weak performance, when would it be better to find ways of…
A: Supplier performance: Supplier performance is essential in business practice, it not only enhances…
Q: Which of the following would be a transaction file? customers Sales invoices. inventory suppliers
A: Transaction file are those records/data which are used to update the master data on real time basis.…
Q: data outright. As the purchaser you will have to utilize reverse price analysis, describe the…
A: For reverse pricing analysis, there is no one-size-fits-all method for determining the cost.
Q: Assume that you are the Purchasing Manager recently joined to a manufacturing company which consists…
A: To: Managing Director From: Purchasing Manager Date: 28/Jan/2021 Sub: Advantages of regular meetings…
Q: Which of these situations is likely to cause high bargaining power of suppliers? a.A few large…
A: Bargaining power is the ability to influence the other party to purchase or sell a particular…
Q: Assume that you are the Purchasing Manager recently joined to a manufacturing company which consists…
A: To: Managing Director From: Purchasing Manager Date: January 24, 2021 Subject: Benefits of…
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- Mini Case Debt vs Equity Holders Companies obtain their funds from two sources: debt and equity. The providers of these funds are protected in different ways. Debt holders have specific contracts with the company, and if the company defaults, they have recourse ahead of shareholders. Shareholders are the bearers of residual risk and in return for the uncertainty this creates, equity finance is more expensive than debt finance – reflecting the risk premium and risk appetite of the shareholders. But, because the shareholders come last and it is not clear what they are entitled to, they operate in conditions of an incomplete contract. Question: If the shareholder’s position is not protected by a contract – unlike the provider of debt- how is it in fact made viable? DiscussChoose the right answer. 7. (Sale of Goods) Amira bought a big oven yesterday. Today her little sister, Bashira takes the oven to her house to bake a cake, after she receive permission to do so. Tomorrow her friend Cinthia wants to rent the oven and and she already paid RM50 for it. Who has the legal right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 8. (Sale of Goods) Who has the equitable right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and BashiraChoose the right answer. 8. (Sale of Goods) Amira bought a big oven yesterday. Today her little sister, Bashira takes the oven to her house to bake a cake, after she receive permission to do so. Tomorrow her friend Cinthia wants to rent the oven and and she already paid RM50 for it. Who has the equitable right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira
- Sometimes an issur with a property is discovered during the pre-closing stage. Buyers may be willing to accept deficiencies if they an compensate through a price reduction. Which of the following is correct regarding adjusting a purchase price to offset a deflciency.Select one: O. The value of the price adjustment may become a matter of negotiations between the parties. O. A new agreement of purchase and sale must be drafted and signed to finalize the price adjustment. O. A formal appraisal is always required to determine the adjusted purchase price. O. Buyers are contractually obligated to negotiate an adjusted purchase price.Albert has won two tickets in a raffle to see the latest movie at the cinema. The market price of a ticket is $20. Albert has no friends or family living near by, so he would only be using one ticket. He mentions this to an acquaintance at work, Rashid. Rashid thinks to himself that he would like to see the movie. He starts haggling with Albert over the purchase of the remaining ticket. Assuming that both Albert and Rashid are rational, self-interested people, what price will they eventually agree on? Explain your answer.Which of the following is not a true statement: A. In a risked based agreement, the provider shares a portion of the risk for medical cost B. In a non-risked based agreement, provider shares no risk for medical cost C. In a capitated arrangement, all of the risk is on the health plan D. In a value based payment arrangement, the payment is impacted by both cost and quality
- Choose the right answer 6. (Sale of Goods) Amira bought a big oven yesterday. Today her little sister, Bashira takes the oven to her house to bake a cake, after she receive permission to do so. Tomorrow her friend Cinthia wants to rent the oven and and she already paid RM50 for it. Who has possession of the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 7. (Sale of Goods) Who has the legal right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 8. (Sale of Goods) Who has the equitable right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and BashiraChoose the right answer. 5. (Sale of Goods) Amira bought a big oven yesterday. Today her little sister, Bashira takes the oven to her house to bake a cake, after she receive permission to do so. Tomorrow her friend Cinthia wants to rent the oven and and she already paid RM50 for it. Who has the title to the machine? a. Asmira b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 6. (Sale of Goods) Who has possession of the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 7. (Sale of Goods) Who has the legal right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 8. (Sale of Goods) Who has the equitable right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and BashiraAssume Clinique expects to sell 3 million ounces of BB cream within the first year after introduction butexpects that half of those sales will come from buyers who would otherwise purchase Clinique’s moisturizer (that is, cannibalized sales). Assuming that Cliniquenormally sells 10 million ounces of moisturizer per year and that the company will incur an increase in fixed costs of $2 million during the first year of production for the BB cream, will the new product be profitable for the company? Refer to the discussion of cannibalization in Appendix 3: Marketing by the Numbers for an explanation of how to conduct this analysis. (AACSB: Written and Oral Communication; Analytical Thinking)
- 5) Identify which of the statements below is false A □ Bundling occurs when a combination of goods or services is sold at a price that is less than it would cost to buy the same items separately B □ In limit pricing, the incumbent sets a low price to deter a potential entrant from entering the industry C □ The purpose of predatory pricing is twofold: to drive out current rivals and to make future rivals think twice about entry D □ By holding excess capacity, the incumbent can credibly threaten to increase the price if entry occurs.Great Vegetables, Corp. a wholesale vegetable distributor in the Bronx, buys and prepays for a trailer load of tomatoes for $20,000.00. The tomatoes are sold by Texas Tomatoes, Inc., a selling cooperative of Texas farmers and transported to New York by an independent truck driver from Louisiana. The truck shipment is arranged by an Oklahoma truck broker from his/her office in Oklahoma. When the tomatoes arrive at Great Vegetables, Corp. two weeks later they are rotten. The Texas farmers and the truck broker have not physically done anything in New York. Great Vegetables, Corp. sues Texas Tomatoes, Inc., the truck broker and the truck driver in a New York State court and the summons is served on each of them outside New York State. Explain the reasons why Great Vegetables, Corp. could argue that the New York State court has personal jurisdiction over each defendant.Assume you are the attorney for defendants Texas Tomatoes, Inc. the truck broker and the truck driver. why personal…White booked a flight for a business trip with his company’s travel agent. He filled out two expense reports for this trip,and on each report, he requested reimbursement for the cost of the ticket. On one report,he attached his airline stub as support for the expense. On the other report, he attached the travel agency’s invoice as support.What kind of scheme was White attempting? a. A false billing scheme b. A mischaracterized expense scheme c. An overstated expense scheme d. A multiple reimbursement scheme
