True or False #2 Flashcards

1
Q

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

A

True

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2
Q

The value chain emphasizes the close relationship between all the functional strategies within a company.

A

True

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3
Q

A company’s product development strategy defines the set of customer needs that it seeks to satisfy through its products and services.

A

False

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4
Q

A company’s product development strategy specifies the portfolio of new products that it will try to develop.

A

True

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5
Q

A company’s supply chain strategy determines the nature of procurement and transportation of materials as well as the manufacture and distribution of the product.

A

True

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6
Q

The degree of supply chain responsiveness should be consistent with the implied uncertainty.

A

True

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7
Q

The degree of supply chain responsiveness does not need to be consistent with the implied uncertainty.

A

False

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8
Q

To achieve complete strategic fit, a firm must ensure that all functions in the value chain have consistent strategies that support the competitive strategy.

A

True

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9
Q

To achieve complete strategic fit, a firm must ensure that all functions in the value chain have diverse strategies that support functional goals.

A

False

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10
Q

Because demand and supply characteristics change, the supply chain strategy must change over the product life cycle if a company is to continue achieving strategic fit.

A

True

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11
Q

To retain strategic fit, supply chain strategy must be adjusted over the life cycle of a product and as the competitive landscape changes.

A

True

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12
Q

The intercompany scope of strategic fit is no longer relevant today because the competitive playing field has shifted from company versus company to supply chain versus supply chain.

A

False

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13
Q

A company will fail if there is a lack of strategic fit or because its overall supply chain design, processes, and resources do not provide the capabilities to support the maximum strategic fit.

A

False

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14
Q

The following situation would likely work well. A situation in which marketing is publicizing a company’s ability to provide a large variety of products very quickly; simultaneously, distribution is targeting the lowest cost means of transportation.

A

False

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15
Q

Supply chain strategy specifies what the operations, distribution, and service functions, whether performed in-house or outsourced, should do particularly well.

A

True

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