BUS 370 EXAM TEST BANK QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+
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Course
BUS 370
Institution
BUS 370
BUS 370 EXAM TEST BANK QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+
"a complete supply chain dedicated to the reverse flow of products and materials for the purpose of returns, repair, remanufacture, and/or recycling" is the definition of - Answer-re...
BUS 370 EXAM TEST BANK QUESTIONS
AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED
ANSWERS) ALREADY GRADED A+
"a complete supply chain dedicated to the reverse flow of products and materials for the
purpose of returns, repair, remanufacture, and/or recycling" is the definition of - Answer-
reverse logistics systems
a qualitative forecasting method which utilizes with specific market segments, has them
estimate the demand within these segments, and forecasts together to get an overall
forecast is - Answer-build-up forecasting
"an estimate of the future value of some variable" is the definition of - Answer-a forecast
a repeated pattern of spikes or drops in demand associated with certain times of the
year in a time series is - Answer-seasonality
exponential smoothing is a ___ forecasting model - Answer-time series
a realtor is trying to predict the value of a home. he has quantitative data available and
has evidence that the home price has a strong relationship to the square footage of the
home. the best choice for a forecasting model is - Answer-linear regression
the approach to s&op that is used when the product/service mix is unstable and
resource requirements vary greatly across the offerings is - Answer-bottom-up planning
values that decision makers use to translate the sales forecasts into resource
requirements and to determine the feasibility and costs of alternative sales and
operations plans (examples include labor hours per unit and cash per unit) are -
Answer-planning values
when considering sales and operations planning for services, "a strategy for reducing
and smoothing out workforce requirements by having the customers perform part of the
work themselves (such as IKEA having customers assemble their own furniture)" is
known as - Answer-offloading
which of the following advantages is gained by a firm that has a multiple sourcing
strategy? - Answer-risk is spread
a supplier that has previously demonstrated its performance capabilities through
purchase contracts may well receive - Answer-preferred supplier status
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