Consider a manufacturing company that produces and sells pet food.  Which element of the value chain best describes enforcing time and quality standards for raw material suppliers?Question 13Select one:Distribution managementSupplier and raw material managementProduct and process designMarketing and salesClear my choice

Consider a manufacturing company that produces and sells pet food.  Which element of the value chain best describes responding to internet enquiries for new flavours?Question 10Select one:Product manufactureResearch and developmentCustomer ServiceProduct and process design

Product / Service Developer's Value Chain:Question 7Select one:a.Identify Innovation - Design - Build prototype - Test - Test Market - Build a Bill of Material - Source Suppliers - Source contract manufacturers - Negotiate Terms - Acquire material - Man-age Inventory - Assure Quality - Deliver to distributors and dealers - register customers - provide after sales serviceb.Identify Innovation - Develop - Build prototype - Test - Test Market - Build a Bill of Material - Source Suppliers - Source contract manufacturers - Negotiate Terms - Acquire material - Man-age Inventory - Assure Quality - Deliver to distributors and dealers - register customers - provide after sales servicec.Identify Innovation - Design - Build prototype -Test Market - Build a Bill of Material - Supply - Source contract manufacturers - Negotiate Terms - Acquire material - Man-age Inventory - Assure Quality - Deliver to distributors and dealers - register customers - provide after sales serviced.Identify Innovation - Design - Build prototype - Test - Test Market - Build a Bill of Material - Source Suppliers - Source contract manufacturers - Negotiate Terms - Acquire material - Man-age Inventory - Assure Quality - Deliver to distributors and dealers - register customers - ensure continuous sales-develop international markets

The business value of an effective supply chain management system includes all of the following exceptQuestion 9Answera.faster time to market.b.cost reduction.c.supply matched to demand.d.increased inventory levels.

A value chain is the sequence of business processes in which:Question 16Select one:managers determine pricescosts are determined with activity-based principlesall non-value-added activities are eliminatedvalue is added to a product or service

A company’s value chain consists ofMultiple Choicethe activities a company performs in converting its resource weaknesses into resource strengths.the collection of activities it performs while designing, producing, marketing, delivering, and supporting its product or service.those activities a company performs that represent “best practices.”the activities that a company performs in developing a distinctive competence.the activities that represent a company’s competencies, core competencies, distinctive competencies, and competitive capabilities.