All Courses
Get the App Signup / Login
Sign in Open App
B Com Exam  >  B Com Tests  >  Test: Supply Chain Management - 1 - B Com MCQ

Test: Supply Chain Management - 1 - B Com MCQ


Test Description

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

Test: Supply Chain Management - 1 for B Com 2024 is part of B Com 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 course for B Com & Test: Supply Chain Management - 1 solutions in Hindi for B Com 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 for B Com Exam | Download free PDF with solutions
Test: Supply Chain Management - 1 - Question 1
Save

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
Save

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.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Supply Chain Management - 1 - Question 3
Save

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
Save
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
Save
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
Save
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
Save
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
Save
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
Save
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
Save
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.
Information about Test: Supply Chain Management - 1 Page
In this test you can find the Exam questions for Test: Supply Chain Management - 1 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Supply Chain Management - 1, EduRev gives you an ample number of Online tests for practice
Download as PDF

Important Questions for Supply Chain Management - 1

Find all the important questions for Supply Chain Management - 1 at EduRev.Get fully prepared for Supply Chain Management - 1 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Supply Chain Management - 1 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Supply Chain Management - 1 resources.

Supply Chain Management - 1 MCQs with Answers

Prepare for the Supply Chain Management - 1 within the B Com exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Supply Chain Management - 1

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Supply Chain Management - 1 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup