1. Forward buying is a strategy adopted by many supply managers to hedge on risks. How would you describe this strategy as to whether it really reduces risks and when is it not speculative buying?
2. Describe and discuss four types of social responsibilities that managers can consider.
3. Speculate on key areas where most companies fall short when conducting price analyses. Suggest two (2) methods that a company CEO should use in order to reduce price analysis inconsistencies. Support your suggestion with real-world examples.