quiz 2 all good.docx

quiz 2 all good.docx - Question 1 1 Purchased inputs offer...

Info icon This preview shows pages 1–3. Sign up to view the full content.

Question 1 1. Purchased inputs offer a potential source for helping a company develop _____________ against its competitors. leverage Question 2 1. Purchasing can give the firm advantages over its competitors. In essence, firms must design their __________________ to emphasize the competitive strategy. purchasing actions Question 3 1. The buyer ________________ or __________ criteria are other factors that influence the purchase criteria. performance / reward Question 4 1. In the formulation of purchasing strategy, the organization's ___________, the organization's ___________________, and the competitive environment must be considered. competitive priorities / strengths and weaknesses Question 5 1. A firm can compete in two broad alternate ways. It can either seek competitive advantages on ________ or _______________ itself from its competitors. cost / choose to differentiate
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Question 6 1. The two generic competitive advantages _______________ are operationalized in terms of cost, quality performance, quality conformity, product flexibility, volume flexibility, and customer service. delivery speed and reliability Question 7 1. A firm competing on ________ must give high priority to purchasing costs. A firm competing on flexibility must give high priority to _________ in buying material. cost / lead time Question 8 1. Suppliers with ____________ and who are reliable in meeting their _________ minimize the problem of material shortages for the manufacturer; as a result, the
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern