Online Access Free L5M7 Practice Test

Which of the following could be consideredadded valuewithin a supply chain? Select THREE.

• A.Time to market
• B.Profit
• C.Marketing
• D.Quality
• E.Innovation

In a typical supply chain, in which direction doesvalue-addtravel?

• A.From the retailer to the supplier
• B.From the first supplier to the customer
• C.From the OEM to the retailer
• D.From the customer to the distributor

Farmer Joe sells wheat and barley. He charges more when demand is high and less when demand falls. What pricing strategy does he follow?

• A.Competitive Pricing
• B.Flexible Pricing
• C.Variable Pricing
• D.Dynamic Pricing

Which of the following is an example of aclosed-loopsupply chain?

• A.A farm supplying milk to a dairy manufacturer
• B.A retailer which accepts old phones to be given back to the manufacturer
• C.The sale of second-hand cars at a retail outlet
• D.The extraction of diamonds from a mine sold to a jewellery manufacturer

According to theKraljic Matrix, suppliers are classified based on which TWO factors?

• A.Cost impact
• B.Level of co-operation
• C.Position in the supply chain
• D.Risk impact