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- Question 3Explain the three strategies that are available for distribution of goods.Question MGMT Bakehouse Inc supplies bread, cakes and other specialty products, to a large percentage of the country; to the following customer types. Retailers e.g. supermarkets, who sell baked goods to the public, and MGMT Bakehouse Inc delivers to the retailers. Wholesalers also sell to the public, but come to MGMT Bakehouse Inc directly to collect their baked goods. Finally institutions like hotels and hospitals, to whom MGMT Bakehouse Inc delivers directly, buy baked goods to incorporate into offering for their clients e.g. guests menus and patient meal plans. From the ordering of flour and other ingredients to the processing of cash, receivables and payables, the company uses an integrate ERP with a common database for all of its business processes. Internally MGMT Bakehouse Inc is organized into the following departments: Production which bakes the bread; Distribution that delivers the bread; Sales Department where customer orders and wholesale pickups are managed; Marketing…Question 8 If the cross-price elasticity of two goods is positive, then the two goods are a. substitutes. b. complements. c. normal goods. d. inferior goods.
- QUESTION 10 1. What market variable(s) are determined within the space markets? a. Market cap rates b. Property values c. Both market rents and market cap rates d. Market rentsQuestion 1 (a) Many airlines were badly affected by the volatility in fuel prices during the Global Financial Crisis of 2008-2009. Using the example of Cathay Pacific’s cargo business, appraise the importance of managing fuel costs in the context of the airline’s profitability. In view of rising fuel prices, would you recommend Cathay Pacific to select the option of using converted freighters or ACMI management? Offer your views on the advantages and disadvantages of these two options.QUESTION 3 A firm with a high market share is always considered a dominant firm in monopolisation cases. True O False
- Question: Draw the supply chain of any fast-moving consumer good and describe the various flows involved.QUESTION 1. The CEO of Talk Ltd, Ms Andi, has made an observation about the pricing of products and seeks youradvice as the organisations Management Accountant. Ms Andi has noticed that despite three steepprice increases to products over the last 12 months, customers have not been deterred and sales arestronger than ever before. Explain to the CEO Ms Andi why this could be the case.Question 1: “Procurement Law is a system of rules, principles, procedures, and regulations that are enforced through social institutions to regulate procurement and supply. Various laws form the legal framework of procurement and supply chain operations” Make a clear justification of the narrative discussing the various laws that inform procurement activities.
- Q.2. Discuss TWO short term and TWO long term strategies for minimizing supply chains disruptions globallyQuestion Four (4) You have been appointed as a member of the Evaluation Committee at your organisation. The Committee is made up of five members drawn from different departments from within the company. The Chief Executive of your company is new and wants you as the procurement expert to educate him on what goes on in an evaluation. Discuss the stages of evaluation for a goods procurement highlighting some common criteria at each stage. Explain your understanding of the term “Declaration of Interest” in evaluations and its implication.Question 4 Which of the following could be the cross-price elasticity of demand for two goods that are complements? O c. 1.3 a.-1.3 Ob. 0.2 d. 2