Supply chains for basic type products should have all the below characteristics, except

Low cost

Stable forecasts

Economies of scale

Short delivery cycles

Question 2

10 / 10 pts

Increases in the English Pound relative to other global currencies had what impact on Marks & Spencer's offshoring strategy?

It made offshoring more advantageous for UK customers

It made offshoring less advantageous for UK customers

It makes no difference to UK customers

Cannot be determined

IncorrectQuestion 3

0 / 10 pts

Which of the following is generally a characteristic for boutique stores?

Low cost operations

Responsive supply chain

Products with a long-life cycle

Products with a limited number of variations in styles and colors

IncorrectQuestion 4

0 / 10 pts

Supply chains for boutique-type products should have all the below characteristics, except

Responsive

Short delivery cycles

Low cost

Emphasize low stock keeping unit variation

Question 5

10 / 10 pts

Why did Marks & Spencer shift toward more international sourcing?

To reduce the complexity of their supply chain

To extend the supply chain to be closer to their customers

To reduce the direct labor cost of their product

To reduce the total cost of their product

Question 6

10 / 10 pts

A major challenge in operating retail supply chains is getting the buyer or merchandiser to understand

The concept of a total landed cost supply chain

The concept that buyers, merchandisers, and supply chain must work together to make optimum decisions

The concept that performance metrics need to reflect the total system

All the above

IncorrectQuestion 7

0 / 10 pts

In the Marks & Spencer case, sourcing from the United Kingdom would be most appropriate for

Basic items

Fashion items

Fast fashion items

All of the above

Question 8

In the late 1990s, which of the following retail segments was declining in terms of relative market share?

Convenience store

Mass merchants

Department stores

Specialty stores

Question 9

In the Marks & Spencer case, a blue blazer would be characterized as

A basic clothing item

A fashion clothing item

A fast-fashion clothing item

None of the above

Question 10

0 / 10 pts

Which of the following supply chain types would be most appropriate for a high fashion blouse?

Agile supply chain

Lean supply chain

Hybrid supply chain

Cannot be determined