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quiz 2 all good.docx

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

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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
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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
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