Question $(1)$: State whether the following statement is true$/$false with the justification for the false ones $(10$ marks$)$:

$1.$ The two major types of facilities are distribution sites and storage sites. $()$

$2.$ Seasonal inventory is inventory that is built up to counter predictable variability in demand. $()$

$3.$ Key sourcing related metrics are profit margin, days sales outstanding, incremental fixed cost per order, incremental variable cost per unit, average sale price, average order size, range of sale price, and range of periodic sales. $()$

$4.$ Using fast modes of transport raises responsiveness and transportation cost but lowers the inventory holding cost. $()$

$5.$ Increasing number of facilities increase facility and inventory cost, increase transportation cost and reduces response time. $()$

$6.$ A company$$s supply chain strategy specifies how the market will be segmented and how the product will be positioned, priced, and promoted. $()$

$7.$ A company$$s product development strategy specifies the portfolio of new products that it will try to develop. $()$

$8.$ A company$$s competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services. $()$

$9.$ The SCOR model focuses on the supply chain processes of planning, making, sourcing, delivering and returning. $()$

$10.$ Distribution only occurs between manufacturers and wholesalers in the supply chain. $()$