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Which of the following is the most appropriate approach to investors or shareholders who have high level of influence but low interest in the running of business?
Which of the following is the most appropriate approach to investors or shareholders who have high level of influence but low interest in the running of business?A . Engage and keep them satisfiedB . Engage and consult with them regularlyC . Keep these people inform through general communication mediaD ....
Which of the following are most likely to beindirect costs of a garment manufacturer? Select THREE that apply.
Which of the following are most likely to beindirect costs of a garment manufacturer? Select THREE that apply.A . Packaging materialB . TextileC . Zips padsD . Maintenance materialsE . UtilitiesF . Depreciation of machineryView AnswerAnswer: D,E,F Explanation: Indirect costs are those cost that are not directly attributable to production....
Which of the following are examples of push techniques in commercial negotiations? Select TWO that apply.
Which of the following are examples of push techniques in commercial negotiations? Select TWO that apply.A . Threat of punishment, costs and damageB . Listening to, involving andsupporting othersC . Argument based on information, logic and reasonD . Working together to define the problem, the goals and the best solutionE...
Which of the following is definition of elasticity of demand in microeconomics?
Which of the following is definition of elasticity of demand in microeconomics?A . The percentage change in the quantity demanded divided by the percentage change in incomeB . The percentage change in price of a good divided by the percentage change in the quantity demanded of that good.C . The...
When is the best time to adopt accommodating style according to Thomas-Kilmann conflict mode instrument?
When is the best time to adopt accommodating style according to Thomas-Kilmann conflict mode instrument?A . When both buyer and supplier want to find anintegrative solution as their concerns are too important to be compromisedB . When buyer needs to gather more information to gain more advantages in later negotiationsC...
Which of the following are means that deliver savings through optimising specifications?
To buying organisation, savings can be achieved from different saving levers or tactics . Which of the following are means that deliver savings through optimising specifications?A . Value engineeringB . Part substitutionC . BudgetlinkagesD . Compare total cost of ownershipE . Volume poolingView AnswerAnswer: A,B Explanation: If driving greater value...
Which of the following best describes Leverage quadrant in Kraljicmatrix?
Which of the following best describes Leverage quadrant in Kraljicmatrix?A . Low risk, high importanceB . High value, high complexC . Low risk, low importanceD . High complex, low importanceView AnswerAnswer: A Explanation: In 1983, Peter Kraljic devised a means to segment the supplier base in the article in HBR....
Within its current capacity, this supplier will make a profit at which of the following?
Before engaging in a negotiation with a supplier of rechargeable lights, procurement team tries to visualise the breakdown of supplier's costs to calculate its break-even point. They estimate that total fixed expenses related to rechargeableelectric light are $270,000 per month and variable expenses involved in manufacturing this product are $126...
Can the buyer consider these actions as an acceptance?
A negotiation is coming to the end. Both parties haven't had any official commitments. Right before leaving the room, the buyer strongly disagrees with supplier's set up prices and requests a discount. The supplier doesn't reply but nods and smiles. Can the buyer consider these actions as an acceptance?A ....
Which of the following is the best description of direct cost?
Which of the following is the best description of direct cost?A . Direct costs are only variable raw materials that constitute a productB . Direct costs include raw materials, labour andoverheadsC . Direct costs include only raw materials and labour of making the final productD . Direct costs include raw...
