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B Com Exam  >  B Com Tests  >  E-Commerce  >  Test: Supply Chain Management - 1 - B Com MCQ

Test: Supply Chain Management - 1 - B Com MCQ


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10 Questions MCQ Test E-Commerce - Test: Supply Chain Management - 1

Test: Supply Chain Management - 1 for B Com 2024 is part of E-Commerce preparation. The Test: Supply Chain Management - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Supply Chain Management - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Supply Chain Management - 1 below.
Solutions of Test: Supply Chain Management - 1 questions in English are available as part of our E-Commerce for B Com & Test: Supply Chain Management - 1 solutions in Hindi for E-Commerce course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Supply Chain Management - 1 | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study E-Commerce for B Com Exam | Download free PDF with solutions
Test: Supply Chain Management - 1 - Question 1
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What was the fundamental misconception about the structure of vertically integrated corporations?

Detailed Solution for Test: Supply Chain Management - 1 - Question 1
The fundamental misconception was that vertically integrated corporations were believed to be the elemental unit of dynamic and prosperous economies. This belief was erroneous as it was later revealed that different tasks within the production process could be distributed across the social division of labor in various ways.
Test: Supply Chain Management - 1 - Question 2
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What phenomenon in the business world led to the increased interest in supply chain management?

Detailed Solution for Test: Supply Chain Management - 1 - Question 2
The increased interest in supply chain management was driven by the emergence of Asian corporations that outperformed Western giants such as Ford, General Motors, and IBM. These Asian corporations exposed the inefficiencies of Western corporations, leading to a need for rethinking industrial organization and supply chain strategies.
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Test: Supply Chain Management - 1 - Question 3
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What significant changes within the technical division of labor led to challenges for vertically integrated corporations?

Detailed Solution for Test: Supply Chain Management - 1 - Question 3
The rapid increase in the number of identifiable tasks within production processes led to growing complexity. This increase in complexity raised the fixed costs associated with integrated production processes to prohibitive levels, questioning the viability of vertically integrated corporations.
Test: Supply Chain Management - 1 - Question 4
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Why did vertically integrated corporations struggle to respond effectively to changing consumer demands?
Detailed Solution for Test: Supply Chain Management - 1 - Question 4
Vertically integrated corporations were ill-equipped to respond to changing consumer demands due to the high costs of coordination and inflexibility associated with their organizational structure. They faced challenges in managing relationships and adapting to evolving customer preferences.
Test: Supply Chain Management - 1 - Question 5
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What organizational advantage did Asian industrial groupings have over vertically integrated corporations?
Detailed Solution for Test: Supply Chain Management - 1 - Question 5
Asian industrial groupings succeeded due to the closer alignment of technical and social divisions of labor. This allowed for near-market forms of governance, leading to better coordination and innovation in the production process, unlike the vertically integrated corporations.
Test: Supply Chain Management - 1 - Question 6
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What strategy did many giant corporations adopt to adapt to the changing dynamics in the business landscape?
Detailed Solution for Test: Supply Chain Management - 1 - Question 6
Many giant corporations downsized and focused on their core competencies, outsourcing non-core production elements to reduce overhead costs. This strategy allowed them to be more flexible, innovative, and responsive to market changes.
Test: Supply Chain Management - 1 - Question 7
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What was the fundamental change that occurred in supply chain management due to the restructuring process?
Detailed Solution for Test: Supply Chain Management - 1 - Question 7
The restructuring compelled firms to proactively engage in creating and managing viable supply chains. This shift in focus marked a significant change in supply chain management strategies, enabling companies to adapt to new organizational forms and challenges.
Test: Supply Chain Management - 1 - Question 8
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What is the primary goal of supply chain management (SCM)?
Detailed Solution for Test: Supply Chain Management - 1 - Question 8
The primary goal of supply chain management (SCM) is to satisfy customer requirements as efficiently as possible. It involves managing the movement and storage of materials, work-in-process inventory, and finished goods to ensure customer satisfaction.
Test: Supply Chain Management - 1 - Question 9
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What does the "value net" business model emphasize in supply chain management?
Detailed Solution for Test: Supply Chain Management - 1 - Question 9
The "value net" business model emphasizes placing customer priorities at the center of supply chain management. It focuses on creating customized products for unique customers or customer segments, thereby driving strategic advantage and differentiation.
Test: Supply Chain Management - 1 - Question 10
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What component of supply chain management involves coordinating the receipt of orders from customers, selecting carriers, and setting up invoicing systems?
Detailed Solution for Test: Supply Chain Management - 1 - Question 10
The component of supply chain management that involves coordinating the receipt of orders from customers, selecting carriers, and setting up invoicing systems is called "Deliver." This aspect ensures the timely and efficient delivery of products to customers.
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Important Questions for Supply Chain Management - 1

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Supply Chain Management - 1 MCQs with Answers

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