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Which of the following are behaviours that builds trust between the buyer and the supplier in business relationship? Select TWO that apply.
Which of the following are behaviours that builds trust between the buyer and the supplier in business relationship? Select TWO that apply.A . Conducting transparent procurement processB . Over-inflated contingency fundsC . Allowing supplier to involve in early product developmentD . Commercial espionageE . Tendency to blame other partyView AnswerAnswer:...
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 typical characteristics of activity-based costing (ABC) method? Select TWO that apply.
Which of the following are typical characteristics of activity-based costing (ABC) method? Select TWO that apply.A . ABC provides the information required to take action and realise improvementsB . Limited understanding of true costs incurredC . ABC has tended to over cost products on long runs and under cost those...
Which of the following should be done when undertaking a reflection activity on negotiation? Select TWO that apply.
Which of the following should be done when undertaking a reflection activity on negotiation? Select TWO that apply.A . Identify areas in your skill set where you need to improveB . Gloss over areas where you need to improve your skills or performanceC . Be overly modest about your contribution...
Which of these personal power bases stems from the manager's position in the organisation and the authority that lies in that position?
Which of these personal power bases stems from the manager's position in the organisation and the authority that lies in that position?A . Coercive powerB . Legitimate powerC . Expert powerD . Reward powerView AnswerAnswer: B Explanation: Legitimate power comes from the belief that a person has the formal right...
A supplier’s mark-up on all products is 25%. Supplier's profit margin is...?
A supplier’s mark-up on all products is 25%. Supplier's profit margin is...?A . 20%B . 30%C . 75%D . 15%View AnswerAnswer: A Explanation: Table Description automatically generated with medium confidence Text Description automatically generated with low confidence LO 2, AC 2.1
A supplier’s mark-up on all products is 25%. Supplier's profit margin is...?
A supplier’s mark-up on all products is 25%. Supplier's profit margin is...?A . 20%B . 30%C . 75%D . 15%View AnswerAnswer: A Explanation: Table Description automatically generated with medium confidence Text Description automatically generated with low confidence LO 2, AC 2.1
Spendwaterfall
SpendwaterfallA . 2 and 4 onlyB . 3 and 4 onlyC . 1 and 2 onlyD . 1 and 3 onlyView AnswerAnswer: A Explanation: Understanding where and with whom your supplier spends their money, or understanding the 'cost breakdowns' or 'price build-up' of the goods andservices you purchase from the...
Which of the following are most likely to be fixed costs of an airline? Select TWO that apply.
Which of the following are most likely to be fixed costs of an airline? Select TWO that apply.A . Purchase of aircraftB . Catering servicesC . Advertising and promotionD . Flightcrew trainingE . FuelView AnswerAnswer: A,D Explanation: Fixed costs (FC) are costs that do not vary with volume. To an...
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....
