Exam (elaborations)
PLM Midterm Exam 2024_2025 fully solved & updated.
- Course
- Institution
PLM Midterm Exam 2024_2025 fully solved & updated.
[Show more]
Content preview
PLM Midterm Exam 2024/2025 fullysolved & updated
(T/F) In the apparel industry, tasks once performed by in-house engineers and
production managers are now the responsibility of creative and technical
designers working with merchandisers, quality assurance specialists, and
sourcing teams. - ANSWER-True
A company that is fully vertically integrated seeks to consolidate and/or grow its
business by:
a) acquiring companies that expand its product mix to capitalize on brand
recognition and increase sales for greater profit.
b) acquiring control of all the steps in the production of its products
c) acquiring another firm/competitor at the same stage of the supply chain
d) gaining a monopoly in one stage of the supply chain - ANSWER-b) acquiring
control of all the steps in the production of its products
(T/F) Signature stores give manufacturers direct retail access to their consumers
at full price and access to direct consumer feedback. - ANSWER-True
Wholesale brands are:
a) created under a proprietary label and sold at wholesale to retailers
b) designed by a manufacturer exclusively for one retailer
c) developed and merchandised with labels owned by a retailer
, d) made and sold to consumers only by the manufacturer - ANSWER-a) created
under a proprietary label and sold at wholesale to retailers
The apparel supply chain includes all the companies directly involved in
designing, supplying material components, manufacturing and distributing
apparel as well as auxiliary businesses such as:
a) sourcing agents
b) factors
c) testing laboratories
d) all of the above - ANSWER-d) all of the above
The product type with the most predictable demand is:
a) basic product
b) seasonal product
c) fashion forward product
d) high tech product - ANSWER-a) basic product
Horizontal integration helps a business grow by:
a) Acquiring a company at a different stage in the supply chain
b) Acquiring control of all the steps in the production of its products
c) Acquiring another firm/competitor at the same stage of the supply chain
d) Gaining a monopoly in one stage of the supply chain - ANSWER-c) Acquiring
another firm/competitor at the same stage of the supply chain
Which of the following is a characteristic of a pull system?
a) Early orders in large quantities yield lower prices.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tuition. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82871 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now