Question 1

Focusing on service supply alone is __________, because demand will always outstrip supply.

Accepted Answer

A) Not sustainable in the long run. 
B) Not sustainable in the short run. 
C) Profitable in the short run. 
D) Profitable in the long run. 
A) Not sustainable in the long run. 
B) Not sustainable in the short run. 
C) Profitable in the short run. 
D) Profitable in the long run.

Question 2

Demand management emphasizes demand for the profitable ones, and _________by lessening marketing efforts for the unprofitable ones.

Accepted Answer

A) Increases demand 
B) Decreases demand 
C) Sustains demand 
D) None of the above. 
A) Increases demand 
B) Decreases demand 
C) Sustains demand 
D) None of the above.

Question 3

Consider Green Gardening Tools. Demand for garden tools is seasonal, with sales concentrated in the spring. Green Gardening needs to plan how it will meet the demand to maximize profit. One way to meet demand requires Green Gardening to carry enough manufacturing capacity to meet demand in any period.
The advantage of this approach is ________________.

Accepted Answer

A) That Green Gardening incurs very low inventory. 
B) That Green Gardening incurs maximum profits. 
C) That Green Gardening incurs high inventory. 
D) That Green Gardening incurs maximum supply in a season. 
A) That Green Gardening incurs very low inventory. 
B) That Green Gardening incurs maximum profits. 
C) That Green Gardening incurs high inventory. 
D) That Green Gardening incurs maximum supply in a season.

Question 4

A firm can combine time series and causal forecasting method to answer impact of a price. This can only be possible using what method?

Accepted Answer

A) Best-fit forecasting. 
B) Rolling forecasting. 
C) Simulation forecasting. 
D) Econometric forecasting. 
A) Best-fit forecasting. 
B) Rolling forecasting. 
C) Simulation forecasting. 
D) Econometric forecasting.

Question 5

_______ and ______ are used to estimate the size of a forecast error.

Accepted Answer

A) Mean Absolute Deviation; Mean Absolute Percentage Error 
B) Weighted Absolute Percentage Error; Real Aggregated Percentage Error 
C) Relative Measure of Accuracy; Mean Absolute Percentage Error 
D) Mean Absolute Deviation; Real Aggregated Percentage Error 
A) Mean Absolute Deviation; Mean Absolute Percentage Error 
B) Weighted Absolute Percentage Error; Real Aggregated Percentage Error 
C) Relative Measure of Accuracy; Mean Absolute Percentage Error 
D) Mean Absolute Deviation; Real Aggregated Percentage Error

Question 6

The connection between demand, service supply, and running of assets is not straightforward, because demand involves _________and _________ can be very complex.

Accepted Answer

A) Humans and human behavior 
B) Products and consumer behavior 
C) Markets and supplier behavior 
D) All of the above. 
A) Humans and human behavior 
B) Products and consumer behavior 
C) Markets and supplier behavior 
D) All of the above.

Question 7

Monitoring of and feedback for Demand Management is an evolving process requiring ongoing review in order to achieve the most ______________ service delivery and best use and distribution of resources.

Accepted Answer

A) Equitable 
B) Cost-effective 
C) Efficient 
D) All of the above. 
A) Equitable 
B) Cost-effective 
C) Efficient 
D) All of the above.

Question 8

What best describes the term market growth?

Accepted Answer

A) Increase in product value. 
B) Increase in market share. 
C) Increase in product variety. 
D) Increase in consumption of product from new or existing customers. 
A) Increase in product value. 
B) Increase in market share. 
C) Increase in product variety. 
D) Increase in consumption of product from new or existing customers.

Question 9

A demand-driven approach attains balanced cash flow through_________________.

Accepted Answer

A) Increased sales 
B) Reduced operating expenses 
C) Working capital improvements 
D) All of the above. 
A) Increased sales 
B) Reduced operating expenses 
C) Working capital improvements 
D) All of the above.

Question 10

__________is the demand for the component parts that go into a product.

Accepted Answer

A) Independent demand 
B) Dependent demand 
C) Both. 
D) None of the above. 
A) Independent demand 
B) Dependent demand 
C) Both. 
D) None of the above.

Question 11

Another type of supply chain demand is called ____________because it is not the independent demand of the end-use customer.

Accepted Answer

A) Single demand 
B) Derived demand 
C) Rush demand 
D) All of the above. 
A) Single demand 
B) Derived demand 
C) Rush demand 
D) All of the above.

Question 12

____________ is a change in demand that can be forecasted. Products that that undergo this type of change in demand cause numerous problems in a supply chain.

Accepted Answer

A) Variable occurrence 
B) Lead time 
C) Predictable variability 
D) None of the above. 
A) Variable occurrence 
B) Lead time 
C) Predictable variability 
D) None of the above.

Question 13

Toyota offers a Corolla promotion. Buyers who might have purchased a Honda Civic may now purchase a Corolla. This example best describes:

Accepted Answer

A) Stealing share. 
B) Effective marketing strategy. 
C) Advertisement. 
D) Product perfection. 
A) Stealing share. 
B) Effective marketing strategy. 
C) Advertisement. 
D) Product perfection.

Question 14

The benefits of Demand Management are deferred capital and recurrent expenditures by reducing __________.

Accepted Answer

A) Trade Blocs 
B) Excessive consumption 
C) Quantity supplied by quantity demanded 
D) All of the above. 
A) Trade Blocs 
B) Excessive consumption 
C) Quantity supplied by quantity demanded 
D) All of the above.

Question 15

Which of the following is considered a factor that influences the timing of a trade promotion?

Accepted Answer

A) Impact of the promotion of demand. 
B) Product margins. 
C) Cost of holding inventory and cost of changing capacity. 
D) All of the above. 
A) Impact of the promotion of demand. 
B) Product margins. 
C) Cost of holding inventory and cost of changing capacity. 
D) All of the above.

Question 16

Demand for many products changes periodically, often due to a predictable influence. These influences include ________ factors that affect products.

Accepted Answer

A) Seasonal 
B) Operational 
C) Co-operational 
D) Annual 
A) Seasonal 
B) Operational 
C) Co-operational 
D) Annual

Question 17

Time series forecasting methods use _______ to make a forecast.

Accepted Answer

A) Historical demand data 
B) Future demand data 
C) Present demand data 
D) Present demand data on a average basis 
A) Historical demand data 
B) Future demand data 
C) Present demand data 
D) Present demand data on a average basis

Question 18

Forecasting methods are classified into which of the following types?

Accepted Answer

A) Qualitative, discreet, variable, and continuous. 
B) Time series and prime degree. 
C) Psychological and societal. 
D) Qualitative, time series, causal, and simulation. 
A) Qualitative, discreet, variable, and continuous. 
B) Time series and prime degree. 
C) Psychological and societal. 
D) Qualitative, time series, causal, and simulation.

Focusing on service supply alone is __________, because demand will always outstrip supply.

Demand management emphasizes demand for the profitable ones, and _________by lessening marketing efforts for the unprofitable ones.

A firm can combine time series and causal forecasting method to answer impact of a price. This can only be possible using what method?

_ and are used to estimate the size of a forecast error.

The connection between demand, service supply, and running of assets is not straightforward, because demand involves _and _ can be very complex.

Monitoring of and feedback for Demand Management is an evolving process requiring ongoing review in order to achieve the most ______________ service delivery and best use and distribution of resources.

What best describes the term market growth?

A demand-driven approach attains balanced cash flow through_________________.

__________is the demand for the component parts that go into a product.

Another type of supply chain demand is called ____________because it is not the independent demand of the end-use customer.

____________ is a change in demand that can be forecasted. Products that that undergo this type of change in demand cause numerous problems in a supply chain.

Toyota offers a Corolla promotion. Buyers who might have purchased a Honda Civic may now purchase a Corolla. This example best describes:

The benefits of Demand Management are deferred capital and recurrent expenditures by reducing __________.

Which of the following is considered a factor that influences the timing of a trade promotion?

Demand for many products changes periodically, often due to a predictable influence. These influences include ________ factors that affect products.

Time series forecasting methods use _______ to make a forecast.

Forecasting methods are classified into which of the following types?

Core Concepts

Customer Relationship Management

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

Exam 3: Demand

Focusing on service supply alone is __________, because demand will always outstrip supply.

Demand management emphasizes demand for the profitable ones, and _________by lessening marketing efforts for the unprofitable ones.

A firm can combine time series and causal forecasting method to answer impact of a price. This can only be possible using what method?

_______ and ______ are used to estimate the size of a forecast error.

The connection between demand, service supply, and running of assets is not straightforward, because demand involves _________and _________ can be very complex.

Monitoring of and feedback for Demand Management is an evolving process requiring ongoing review in order to achieve the most ______________ service delivery and best use and distribution of resources.

What best describes the term market growth?

A demand-driven approach attains balanced cash flow through_________________.

__________is the demand for the component parts that go into a product.

Another type of supply chain demand is called ____________because it is not the independent demand of the end-use customer.

____________ is a change in demand that can be forecasted. Products that that undergo this type of change in demand cause numerous problems in a supply chain.

Toyota offers a Corolla promotion. Buyers who might have purchased a Honda Civic may now purchase a Corolla. This example best describes:

The benefits of Demand Management are deferred capital and recurrent expenditures by reducing __________.

Which of the following is considered a factor that influences the timing of a trade promotion?

Demand for many products changes periodically, often due to a predictable influence. These influences include ________ factors that affect products.

Time series forecasting methods use _______ to make a forecast.

Forecasting methods are classified into which of the following types?

Core Concepts

Customer Relationship Management

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

_ and are used to estimate the size of a forecast error.

The connection between demand, service supply, and running of assets is not straightforward, because demand involves _and _ can be very complex.