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MNP3701 ASSIGNMENT 3 SEMESTER 2 2024 According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behaviour designed to benefit the workplace and, by extension, the individual, the organisation, and the community. a$2.83
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MNP3701 ASSIGNMENT 3 SEMESTER 2 2024 According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behaviour designed to benefit the workplace and, by extension, the individual, the organisation, and the community. a
MNP3701 ASSIGNMENT 3 SEMESTER 2 2024
According to ISM, _____ is a framework of measurable corporate policies and procedures and resulting behaviour designed to
benefit the workplace and, by extension, the individual, the organisation, and the community.
a. sustainability
b. social responsibilit...
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Education is the most powerful weapon which you can use to change the world
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Education is the most powerful weapon which you can use to change the world
, 9/14/24, 4:39 AM Assessment 3 (page 1 of 4)
UNISA 2024 MNP3701-24-S2 Assessment 3
QUIZ
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Question 1
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Toyota is evaluating suppliers for a new vehicle component and is considering how to specify the component's requirements
to influence pricing effectively. Toyota aims to keep costs down and seeks to specify industry-standard parts wherever
possible. If Toyota requires custom design and tooling for a component, which of the following statements accurately
reflects the impact on price and cost?
a. Custom design and tooling will likely decrease the cost of the component as it reduces the complexity of the
production process.
b. Specifying industry-standard parts will generally increase the price of the component because of higher
customisation costs.
c. Custom design and tooling will typically increase the cost and price of the component due to additional design,
tooling, or engineering requirements.
d. Using industry-standard parts will lead to higher costs but lower prices because of reduced design and tooling
expenses.
Clear my choice
Question 2
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Which strategy best shows how rationalising Toyota's supply base would directly contribute to cost reductions and efficiency
improvements?
a. Streamlining the supplier base to consolidate procurement activities, negotiate larger-volume contracts, and
capitalise on economies of scale.
b. Fostering innovation by accessing a broader range of supplier technologies and expertise.
c. Stimulating supplier competition by expanding the pool of potential suppliers, fostering price competition.
d. Integrating suppliers from various industries to diversify the experience pool.
Clear my choice
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