Filters
Question type

Study Flashcards

make-buy decision refers to


A) the decision-making process that determines whether a product is sustainable.
B) the decision-making process to determine which manufacturer meets a firm's evaluative criteria for the manufacturing of a new component part or equipment.
C) an evaluation of whether components and assemblies will be purchased from outside suppliers or built by the firm itself.
D) an evaluation of different suppliers to determine which one can fill an order without having to make any changes to the original product while maintaining the same level of quality.
E) the decision-making process to determine which supplier can fill an order the fastest by a specified time period.

F) None of the above
G) C) and D)

Correct Answer

verifed

verified

lower costs and reduce manufacturing time,Michelin has people work together on important purchases.These people include individuals in the roles of buyers,deciders,gatekeepers,and others,as needed.This type of cross-functional group is known as a(n)


A) purchasing committee.
B) sustainable procurement panel.
C) buying center.
D) supply partnership.
E) purchasing task force.

F) All of the above
G) None of the above

Correct Answer

verifed

verified

uses several organizational buying criteria to evaluate potential suppliers.These include all of the following EXCEPT:


A) price.
B) environmental impact.
C) warranties and claim policies.
D) quality.
E) delivery capabilities.

F) A) and B)
G) B) and C)

Correct Answer

verifed

verified

assistant heard his supervisor in the supply room yell,"Call Crate & Barrel-we need another case of its coffee mugs for the conference next week." The supervisor was asking the assistant to make a


A) new buy.
B) straight rebuy.
C) modified rebuy.
D) make-buy.
E) standard reorder.

F) B) and E)
G) A) and B)

Correct Answer

verifed

verified

first stage in the organizational buying decision process is


A) information search.
B) antecedent states.
C) alternative evaluation.
D) purchase decision.
E) problem recognition.

F) D) and E)
G) B) and E)

Correct Answer

verifed

verified

Which of the following organizational buyers purchases raw materials and parts to reprocess into the finished goods they sell?


A) retailers
B) wholesalers
C) manufacturers' agents
D) manufacturers
E) ultimate consumers

F) A) and D)
G) All of the above

Correct Answer

verifed

verified

the construction industry,an independent trading community such as Buzzsaw.com or Cephren.com enables a general contractor to manage and coordinate the many suppliers,subcontractors,architects,and engineers necessary to complete a project.Buzzsaw.com and Cephren.com are examples of


A) Webfronts.
B) Web chains.
C) X-changes.
D) e-syndicates.
E) e-marketplaces.

F) C) and E)
G) None of the above

Correct Answer

verifed

verified

North American Industry Classification System (NAICS) provides common industry definitions to facilitate the measurement of economic activity for the member countries of the


A) European Union (EU) .
B) United Nations (UN) .
C) North American Free Trade Agreement (NAFTA) .
D) North Atlantic Treaty Organization (NATO) .
E) USCANMEX.

F) A) and E)
G) C) and D)

Correct Answer

verifed

verified

Starbucks is using its purchasing power to continue its quest to reduce its energy usage by a quarter by the end of 2012.Recently,the company announced plans to replace all of the traditional incandescent and halogen bulbs in its stores worldwide with more efficient light emitting diode (LED) bulbs-a move the company claims will enable it to cut energy consumption in its stores by up to 7%.Starbucks would be considered a leader in


A) ISO 9000 certification.
B) sustainable procurement.
C) cause marketing.
D) ecological procurement.
E) sustainable development.

F) A) and C)
G) D) and E)

Correct Answer

verifed

verified

reseller market includes


A) manufacturers.
B) logistics and supply chain providers.
C) government agencies.
D) end-user service providers.
E) retailers and wholesalers.

F) A) and C)
G) None of the above

Correct Answer

verifed

verified

list of firms believed to be qualified to supply a given item is referred to as a


A) bidder's list.
B) make-buy list.
C) supplier's sheet.
D) vendor-rating sheet.
E) e-marketplace.

F) C) and E)
G) B) and C)

Correct Answer

verifed

verified

There are seven commonly used organizational buying criteria.One of them is __________.


A) production facilities and capacity
B) consumer demand
C) flexibility and adaptability
D) adherence to government policies
E) senior management directives

F) A) and B)
G) A) and E)

Correct Answer

verifed

verified

Sales engineers from Siemens,a German manufacturer,have won a contract for a new space-based telescope.They must now evaluate whether components and assemblies will be purchased from outside suppliers or be built by Siemens itself.This aspect of the problem recognition stage of the organizational buying decision process is known as a


A) cost analysis.
B) make-buy decision.
C) value analysis.
D) modified rebuy.
E) derived-demand decision.

F) A) and B)
G) C) and D)

Correct Answer

verifed

verified

Which of the following is indicative of the purchase decision stage of the organizational buying decision process?


A) The purchase decision is usually quick once the information search has been completed.
B) Even after the bid is accepted, further negotiation is likely.
C) Even if several vendors make it onto the bidder's list, ultimately only one supplier is chosen.
D) If a supplier on the bidder's list is not selected, it is rarely told the reason(s) why it was rejected.
E) Once an agreement has been formally reached, neither the buyer nor the seller is permitted to make changes to the terms of the contract.

F) None of the above
G) A) and B)

Correct Answer

verifed

verified

  Figure 6-3 -Figure 6-3 above summarizes how buy classes affect buying center tendencies in different ways.Identify the buy-class situations  A,   B,  and  C. Figure 6-3 -Figure 6-3 above summarizes how buy classes affect buying center tendencies in different ways.Identify the buy-class situations "A," "B," and "C."

Correct Answer

verifed

verified

Cell "A" is a new buy situatio...

View Answer

which stage of the organizational buying decision process would design and production engineers draft specifications?


A) problem recognition
B) information search
C) alternative evaluation
D) purchase decision
E) value analysis

F) B) and E)
G) C) and D)

Correct Answer

verifed

verified

buy class situation affects buying center tendencies in different ways.If there are many people involved,the problem definition is uncertain,and the buying influence comes from technical or operating personnel,the buy class situation is MOST LIKELY a


A) conditional buy.
B) straight rebuy.
C) new buy.
D) modified rebuy.
E) standard buy.

F) B) and D)
G) B) and C)

Correct Answer

verifed

verified

classes refer to three types of organizational buying situations,which are


A) buy, lease, and rent.
B) new buy, make-buy, and modified rebuy.
C) manufacturing contracts, consulting contracts, and service contracts.
D) new buy, straight rebuy, and modified rebuy.
E) new buy, internal make-buy, and modified rebuy.

F) A) and B)
G) A) and E)

Correct Answer

verifed

verified

which stage of the organizational buying decision process would purchasing and engineering personnel visit potential suppliers to assess their financial status?


A) problem recognition
B) information search
C) alternative evaluation
D) purchase decision
E) postpurchase behavior

F) A) and E)
G) B) and D)

Correct Answer

verifed

verified

an effort to make better and more efficient purchase decisions,the Ford Motor Company forms loosely organized groups of people who work together on purchase decisions.The people included in these groups change depending on the purchase situation and may include key personnel from various departments,including research and development,finance,marketing,shipping,and sales.Such a loosely organized group of people within an organization who are involved in the purchase decision is called an organizational


A) selling committee.
B) sustainable procurement department.
C) purchasing unit.
D) buying center.
E) buying committee.

F) A) and B)
G) None of the above

Correct Answer

verifed

verified

Showing 81 - 100 of 264

Related Exams

Show Answer