Q: What is the possible role of purchasing in leading sustainability efforts?
A: Supply management is the process of managing the suppliers and raw materials or resources that are…
Q: Distinguish between centeralised ,decentralised and hybrid purchasing organisation.
A: Purchasing is vital to any supply chain's performance. The purchasing department serves the needs of…
Q: Why is the rationing function of price necessary for price to serve this function in the market…
A: Introduction: Rationing deals with the scarcity, where scarcity is the economic situation that…
Q: Explain how the purchasing interacts with two other functional area of an organisation?
A: It will be obligated to communicate with all other departments. Whatever the agency's significance,…
Q: discuss the concept of ethics and why is important in purchasing profession
A: Performing the work ethically would ensure that a person goes a long way in his career. Unethical…
Q: Elaborate on the differences between a centralized, decentralized, and hybrid form of purchasing…
A: Purchasing is the backbone of every successful supply chain. The purchasing department serves the…
Q: Use the concept of elasticity of supply to explain why antique furniture is so expensive.
A: Before getting into the question, let’s first understand the meaning of Elasticity of Supply.…
Q: Demand varies a great deal in most organization. How can you adjust supply to try to match demand
A: Managing Demand- If we were to look into the demand side, there are several methods through which…
Q: Explain how is double marginalization affected by the profit margin of the retailer (p-w) relative…
A: Businesses exploit their market share to put a mark-up on costs in a phenomenon known as double…
Q: Discuss how the purchasing interacts with two other functional area of an organisation?
A: All other departments will be compelled to communicate with it. Despite the importance of all…
Q: How is double marginalization affected by the profit margin of the retailer (p - w) relative to the…
A: Double Marginalization is a phenomenon where the firms at different levels of supply chain exercises…
Q: Why is purchasing becoming increasingly involved in the purchase of transportation services and…
A: Transportation services- Transportation services help people to travel from one place to another…
Q: Giving examples, distinguish between the traditional and contemporary purchasing structures
A: Purchasing plays an important role in the operational functioning of any business. Purchasing is…
Q: 1, Ihis the willingness of a consumer to buy commodity at a given price. This refers to the quantity…
A: Disclaimer: Since you have posted a question with multiple sub-parts, so as per the company…
Q: Answer the following questions based on the information given below. C(Q) = 125 + 4Q^2 Determine the…
A: 1. Profit maximization/loss minimization by Price taker firm or perfectly competitive firm MR = P =…
Q: what is formal approaches to supply base rationalisation
A: Supplier base easing in the operation of degrees the supply base by diminishes the number of active…
Q: Describe how purchasing interacts with two other functional areas of an organization.
A: The purchasing department has to interact with all other functional departments. However, while all…
Q: Which components of market climate play important roles in augmenting rules and regulations for…
A: The supply chain includes all the activities of transferring goods to the final customers. These…
Q: Explain how the purchasing interacts with two other functional areas of an organization ?
A: I have referenced underneath how buying collaborate with other two divisions Accounting and…
Q: Explain what form of organisation is used in purchasing?
A: Purchasing activities can be more effective if they are properly planned and coordinated. There are…
Q: How, for example, is purchasing different from supply management?
A: To accomplish an aim, management is the planning and administration of tasks. These administration…
Q: Briefly discuss each of the seven periods in the evolution of purchasing and supply management. What…
A: The purchasing and supply chain management refers to a process where the business procures and…
Q: Suppose the cross-price elasticity of demand between goods X and Y is -5. How much would the price…
A: 1) (a) Own price elasticity of -4 means, for 1% change in its own price, its quantity demanded will…
Q: What is the difference between purchasing and supply management? What is the difference between a…
A: Purchasing refers to the process of buying goods and services from other firms in order to fulfill…
Q: Describe the commodity chain process?
A: The Commodity chain can be described as the process which involves the activities like procurement…
Q: What is dependent demand? And independent demand?
A: Dependent demand: The demand of a product which is influenced and controlled by the demand of…
Q: Briefly explain how purchasing has developed over the years and the characteristics associated with…
A: Throughout the long run, purchasing has become more methodology arranged, instead of value-based.…
Q: Why are more top managers recognizing the importance of purchasing/supply management?
A: Purchasing management is a massive segment for any business. Organizations perceive the considerable…
Q: What is economic production quantity?
A: Economic production quantity (EPQ):EPQ can be termed as the quantity of a product that is required…
Q: Describe the large incentive that the organisation get by integrating supply and demand chains
A: There is a strong case for integrating supply and demand systems because -
Q: The quantity of a product or service that businesses will make available at various prices is…
A: Quantity supplied can be defined as the number of goods or services that suppliers will produce and…
Q: Rationalization and Optimization: Creating aManageable Supply Base
A: Optimizing and rationalizing the supply base is a technique used to minimize the suppliers. More no.…
Q: Discuss the importance of each of the following:a. Matching supply and demand
A: In both service operations and production operations, supply and demand match is essential.
Q: Using any business of choice, examine the stages of its purchasing cycle.This should be…
A: The purchasing cycle is a helpful step-by-step process to effectively purchasing. This will help an…
Q: Discuss the two or three most important benefits to centralized purchasing authority. Justify your…
A: Centralized authority is where all the decision are in the hands of top level management. It flows…
Q: What knowledge and skills do you feel are required for a purchasing professional?
A: Purchasing personnel is a supply chain and logistics professional specialized in ensuring the…
Q: . Why is the demand placed on a central distribution center or a factory by distribution…
A: Demand is a factor of the customer and it keeps on varying with differents periods and seasons while…
Q: critically explain the two areas in which effient purchasing can contribute greatly to the overall…
A: Efficient purchasing is when a customer purchases a product, and it satisfies them completely.…
Q: What Is Separating Strategic and Operational Purchasing?
A: Strategic purchasing is the procedure by which the approaches are planned, executed, evaluated,…
Q: 8 types of demand in marketing 1-negative demand 2-Nonexistent demand 3-latent demand 4-declining…
A: Different types of demand helps the marketers in forcasting the products. There are 8 types of…
Q: What is the difference between supply chain management and demand management?
A: Logistics is a part of acquiring ,storing and transporting the goods to their final destination.…
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- Which of the following most accurately describes Coca Cola's distribution strategy: Intensive Distribution, Selective Distribution, or Exclusive Distribution? Provide one reason to support your answer Please use no more than 2 bullet points for your answer.6. Stage of marketing that establishes lasting relationships through multidirectional channels so that information flows and facilitates access to products. Select one: a.Marketing 1.0 b.Marketing 2.0 c.Marketing 3.0 d.Marketing 4.0Sony is selling electronic products to the Lulu hyper market. The company salesperson meets the Lulu manager once in a month to explain about the new products in order to procure the orders and to supply Sony electronic products. Identify which type of selling Sony is performing. a. Selling to Institutions b. Selling to Government c. Selling to Business users d. Selling to re-sellers
- 2- To generate the sales leads, IBM Company is offering free software for signing up for a demonstration of another product. This method of sourcing is known as: a. Cold calling b. Trade shows c. Direct marketing d. Promotions1. All of these are common misconceptions about what marketing is EXCEPT: a. it does not involve numbers. b. managing exchanges with customers c. making people buy things they don’t need. d. an art, and you either have the gift for it or you don’t. 2. Communicating value to your target market is covered through what? a. Product and Price b. Product c. Promotion d. Price 3. Which represents an intermediary relationship? a. A bank provides a loan to an individual purchasing a car. b. A private equity firm has invested in a logistics company. c. A logistics company purchases truck tires from Goodyear. d. A small bank uses an outsourced human resources company for its HR needs. 4. Properly designed and executed, marketing can do which of the following? a. Create a need for something b. Make people buy things they really can’t afford. c. Influence people to do things they don’t want to do. d. Make it more appealing to buy certain things over others.Use examples to show in detail, how Under Armour can adopt any 2 different cobranding types to increase it's market presence. Justify why your example represents the each selected cobranding method.
- Which of the following is NOT of concern to the Marketing Manager in the development of a Marketing Strategy? 1. Customer service 2. The resulting manufactured cost of a new product 3. Selection of distribution channels 4. They all are The cluster of perceptions and attitudes potential customers have toward a product or offering is referred to as which of the following? 1. Value proposition 2. Customer perception 3. Goodwill 4. Brand Over the past one hundred years, product promotion has changed in one particularly substantive way. Which of the following best reflects this change? 1. It features more diversity 2. It has become more honest 3. It's moved from print to television 4. It has become more aspirational than informativeA. Marketing can help finance by: a. Keeping per unit production costs low b. Selling products at premium prices c. Keeping the cost of capital lower d. Selling products at low prices to increase volume B. Value R is 90,000 and weighted at 40%, value T is 120,000 and weighted at 35%, and value Y is 105,000 and weighted at 25%: what is the weighted average of the 3 values? What is the average of the values? a. 104,250 is the weighted average and 105,000 is the average b. 108,840 is the weighted average and 107,320 is the average c. 104,250 is the weighted average and 104,500 is the average d. 105,000 is the weighted average and 105,000 is the averageTarget uses the following type of distribution in order to their maximize sales among competitors ………… A. Exclusive B. Selective C. Intensive D. Intensive Please type out the correct answer ASAP with proper explanation of the each option given. Thank you
- Distribution strategyWhich statement or statements are best suited to an intensive distribution strategy? Select one or more options: Intensive sales through a few intermediaries Customers are loyal The level of service is high To sell a product in as many channels as possible8.The ____ approach to determining a company's worth involves the cost to recreate the operating assets of the business. A. Liability-based B. Asset-based C. Market D. Income 9. Adding intermediaries to the distribution channel usually increases the cost to the consumer A. TRUE B. FALSEWhen Coca-Cola introduced Coke Zero, this was an example of a _____ strategy. a. product line extension b. demarketing c. cannibalization d. disintermediation e. repositioning