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L4M6 Exam Dumps : Supplier Relationships

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Supplier Relationships Questions and Answers

Question 1

According to the STEEPLED analysis framework, what considerations are likely to be evaluated under the ‘political’ factor?

    Consumerism in the supply chains

    Grants and subsidies to the supply chains

    Civil unrest and war in the supply chains

    Wage rates in the supply chains

Options:

A.

1 and 2 only

B.

2 and 3 only

C.

3 and 4 only

D.

1 and 4 only

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Question 2

Which of the following is a way of improving supplier commitment and loyalty?

Options:

A.

Have a stand-off approach to the relationship

B.

Over-promising the supplier future work

C.

Imposing excessive performance penalties

D.

Providing guaranteed order levels

Question 3

A competitor develops an alternative type of vacuum cleaner to one produced by your organization. Is this an example of the threat of substitutes, one of the five forces of competition described by competitive forces theory?

Options:

A.

Yes, customers may switch to alternative products

B.

Yes, there are no barriers to entry; it is an oligopoly

C.

No, it does not serve the same purpose

D.

No, it is a threat from a new entrant to the market