1.) Developing a reliable and trustworthy supplier base is critical to success.TrueFalse 2.)The tragedy surrounding the Rana Plaza Factory collapse would have most likely been avoided with sound corporate social responsibility practices in place.TrueFalse 3.)Supply strategies are crucial to a business’s success.TrueFalse 4.)Location of a factory would not be considered a key factor in the decision-making process surrounding supplier choice.TrueFalse 5.)Fast fashion does not negatively impact the environment.TrueFalse 6.)Most apparel companies own their own factories and control their own fabric supply.TrueFalse 7.)Retailers have embraced the omnichannel model to provide buying options for their customers.TrueFalse 8.)Strategic line planning is considered necessary in developing the end product.TrueFalse 9.)Near-shoring’s main benefit isreducing lead time.cutting down on travel costs.using less people.None of these are a benefit. 10.)Re-shoring brings production back fromanother brand.a competing retailer.a foreign country.a local neighborhood. 11.) Strategic line planning canreduce costs.ensure transparency.aligns trends with consumer needs.All of these. 12.)Factors to consider when selecting a country to source in is/aresocial and political climate.price.infrastructure.All of these are considerations. 13.)The term FOB is short forfreight overboard.free on board.freight out back.free on boat. 14.)Full packages convey the meaning that the seller (factory)covers all the freight charges.provides all patterns and markers.provides all services to bring the product to market.covers the retailer’s markdowns. 15.)Which of the following in not considered a shipping method?FOBLDPCSRCIF 16.)Which retailer would be considered the best at fast fashion?ZaraH&MSearsForever 21 17.)Which are key points to consider when sourcing new suppliers?production capabilitieslogisticsbranda and b, but not c 18.)Morgan in 1993 identified the following factors to help buyers compete in the marketplace:product designchoice of retailercustomer satisfactiona and c, but not b

Question

1.) Developing a reliable and trustworthy supplier base is critical to success.TrueFalse  2.)The tragedy surrounding the Rana Plaza Factory collapse would have most likely been avoided with sound corporate social responsibility practices in place.TrueFalse 3.)Supply strategies are crucial to a business’s success.TrueFalse 4.)Location of a factory would not be considered a key factor in the decision-making process surrounding supplier choice.TrueFalse 5.)Fast fashion does not negatively impact the environment.TrueFalse 6.)Most apparel companies own their own factories and control their own fabric supply.TrueFalse 7.)Retailers have embraced the omnichannel model to provide buying options for their customers.TrueFalse 8.)Strategic line planning is considered necessary in developing the end product.TrueFalse 9.)Near-shoring’s main benefit isreducing lead time.cutting down on travel costs.using less people.None of these are a benefit. 10.)Re-shoring brings production back fromanother brand.a competing retailer.a foreign country.a local neighborhood. 11.) Strategic line planning canreduce costs.ensure transparency.aligns trends with consumer needs.All of these. 12.)Factors to consider when selecting a country to source in is/aresocial and political climate.price.infrastructure.All of these are considerations. 13.)The term FOB is short forfreight overboard.free on board.freight out back.free on boat. 14.)Full packages convey the meaning that the seller (factory)covers all the freight charges.provides all patterns and markers.provides all services to bring the product to market.covers the retailer’s markdowns. 15.)Which of the following in not considered a shipping method?FOBLDPCSRCIF 16.)Which retailer would be considered the best at fast fashion?ZaraH&MSearsForever 21 17.)Which are key points to consider when sourcing new suppliers?production capabilitieslogisticsbranda and b, but not c 18.)Morgan in 1993 identified the following factors to help buyers compete in the marketplace:product designchoice of retailercustomer satisfactiona and c, but not b

Accepted Answer

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1.) Developing a reliable and trustworthy supplier base is critical to success. True False