QUESTION 1
Which one of the following statements is true regarding competitive clustering??
There is a risk of cannibalization of sales
Occurs when an organization groups several outlets near each other
Occurs when several organizations are located closely together
The location of market generators is not important
QUESTION 2
A major airline is planning cross-country flights. Which distance metric would provide the most accurate travel time??
Network arc
Euclidian metric
Longitudinal arc
Metropolitan metric
QUESTION 3
In a single location, single service business, all of the following are typical success factors EXCEPT ________?
building a preferred position among local customers
allowing for capacity expansion on site
developing standardized processes with sophisticated control systems
adding peripheral services
QUESTION 4
All of the following EXCEPT ________ are common conflicts between franchisers and franchisees.?
how fees should be established and profits distributed
which employees should be promoted to management
when the franchisee's facilities should be upgraded
how far a franchiser should go in saturating a single market area with outlets
QUESTION 5
If a retailer were to open nearly identical stores in every country in which it operates, while doing almost no local customization of the service, the retailer's international operations strategy would be best described as __________.?
global
singular
transnational
multidomestic
QUESTION 6
Which of the following is true in relation to following EOQ graph?? ??
Curve J represents the annual ordering cost, and curve K represents the annual holding cost.?
Curve K represents the annual ordering cost, and curve J represents the annual holding cost.?
Curve J represents the total annual cost, and curve K represents the annual ordering cost.?
Curve L represents the annual ordering cost, and curve K represents the annual holding cost.?
QUESTION 7
The reorder point in a continuous review system is ________.?
the sum of the safety stock level and the average demand during lead time
the safety stock level
the sum of the economic order quantity and average demand during lead time
the sum of the safety stock level and the economic order quantity
QUESTION 8
A textbook retailer wants to locate a facility which is most convenient to their student customers. Five universities have been identified and located on a grid map as shown on the table below. Enrollment at each university is represented by the value inside each circle on the map. Using a cross-median method, the optimal location for the retailer is on the map ________? ??
at coordinates x=1, y=3?
at coordinates x=2, y=2?
at coordinates x=3, y=2?
anywhere between (x=2, y=2) and (x=3, y=2)?
QUESTION 9
A textbook retailer wants to locate a facility which is most convenient to their student customers. Five universities have been identified and located on a grid map as shown on the table below. Enrollment at each university is represented by the value inside each circle on the map. Using a cross-median method, the optimal location for the retailer is a ________? ??
single point?
line segment between two points?
rectangle formed by four points?
none of the above?
QUESTION 10
A textbook retailer wants to locate a facility which is most convenient to their student customers. Five universities have been identified and located on a grid map as shown on the table below. Enrollment at each university is represented by the value inside each circle on the map. Using a cross-median method, the optimal location for the retailer is on the map ________? ??
at coordinates x=2, y=4?
at coordinates x=2, y=2?
anywhere between (x=2, y=2) and (x=2, y=3)?
anywhere between (x=2, y=2) and (x=2, y=4)
QUESTION 11
A textbook retailer wants to locate a facility which is most convenient to their student customers. Five universities have been identified and located on a grid map as shown on the table below. Enrollment at each university is represented by the value inside each circle on the map. Using a cross-median method, the optimal location for the retailer is a ________? ??
single point?
line segment between two points?
rectangle formed by four points?
none of the above?
QUESTION 12
The Anderson Palmer Hospital would like to reduce the cost of its inventory by calculating the optimal order size for hypodermic needles. On average, the hospital uses 100 needles per month, the cost of placing an order is $15, and holding cost is estimated to be $1.20 per needle per year. Using the EOQ formula, the optimal order size is ______??
About 50 needles?
About 80 needles?
About 130 needles?
About 170 needles?
QUESTION 13
The Anderson Palmer Hospital would like to reduce the cost of its inventory by calculating the optimal order size for hypodermic needles. On average, the hospital uses 100 needles per month. The purchasing staff has calculated that the EOQ for needles is 135 needles. If they proceed to purchase in EOQ quantities, how many orders per year will be placed???
About 6 orders per year?
About 7 orders per year?
About 9 orders per year?
About 10 orders per year?
QUESTION 14
The local distributor for Macho Heavy Beer is reconsidering its inventory policy now that only kegs will be sold. The sales forecast for next year is 1,200 kegs. The cost to store a keg of Macho in a refrigerated warehouse is approximately $4 per year. Placing an order with the factory costs about $5. Recommend an EOQ for Macho Heavy Beer.??
About 45 kegs?
About 55 kegs?
About 65 kegs?
About 75 kegs?
QUESTION 15
The local distributor for Macho Heavy Beer is reconsidering its inventory policy now that only kegs will be sold. The sales forecast for next year is 600 kegs. The cost to store a keg of Macho in a refrigerated warehouse is approximately $4 per year. Placing an order with the factory costs about $6. If orders are placed in pallets of 60 kegs, the brewery is willing to give the local distributor a discount on the wholesale price of each keg. Macho beer must determine the exact discount amount before deciding whether or not to take the discount.???True ?False ????
0.4 points