Question

Which of the following was not a characteristic of the Marks & Spencer supply chain prior...

Which of the following was not a characteristic of the Marks & Spencer supply chain prior to the late 1990s?

a) Used many local suppliers

b) Focused on low cost

c) Used suppliers to innovate products

d) Experienced long lead times

Homework Answers

Answer #1

Question:- Which of the following was not a characteristic of the Marks & Spencer supply chain prior to the late 1990s?

Answer:- b) Focused on low cost

Reason:- During 1991, Englan witnessed the second worst recession in its history which really decreased the buying power of the customers. In order to improve the sales, the then Chairman of the company Sir Richard Greenbury reduced the manpower strength by 10% and asked the suppliers to cut their margin to improve the sales of the company. Thus this concept of low cost was derived from post-1990s, therefore, it is the correct option that is focusing on low cost was not the characteristic of the Marks & Spencer supply chain prior to the late 1990s

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Explain the term supply chain and its importance to cost management. A. Supply chain describes the...
Explain the term supply chain and its importance to cost management. A. Supply chain describes the flow of​ goods, services, and information from the initial sources of materials and services to the delivery of products to consumers within an individual organization. Cost management is most effective when it integrates and coordinates activities across each business function in an individual​ company's value chain. B. Supply chain describes the sequence of business functions in which customer usefulness is added to products or...
Which of the following supply chain cost components has the most impact on supply chain design?...
Which of the following supply chain cost components has the most impact on supply chain design? Multiple Choice Transportation cost. Inventory carrying cost. A combination of transportation and inventory carrying cost. None of the choices are correct.
Which of the following is not a characteristic of the lean manufacturing philosophy? a push manufacturing...
Which of the following is not a characteristic of the lean manufacturing philosophy? a push manufacturing (make to stock) b product-oriented layout c reducing setup time as a critical improvement priority d short lead times
1. Marks? & Spencer? (M&S) leads the way to sustainability. All of the following are examples...
1. Marks? & Spencer? (M&S) leads the way to sustainability. All of the following are examples of activities conducted by the firm EXCEPT? ________________. A. M&S recycles? 90% of its food waste and? 100% of office waste. B. M&S provides? 20% of the bonuses for the CEO and the directors of the company. C. The idea that waste is given in the operation of businesses is taken seriously by? M&S. D. M&S is not done with sustainability program and plans...
Which of the following? statement(s) about supply chains is? (are) correct? A. Supply chains are relevant...
Which of the following? statement(s) about supply chains is? (are) correct? A. Supply chains are relevant to manufacturing companies but not to service organizations. B. To improve supply chain? performance, companies should strategically strive for greater and greater amounts of vertical integration. C. Supply chain refers only to the set of suppliers and the flows of? goods, materials and information that supply a company. D. All of the above are correct. E. None of the above is correct.
Which of the following is not a characteristic of a capital expenditure, for the purposes of...
Which of the following is not a characteristic of a capital expenditure, for the purposes of government budgeting? a. recurring nature b. large price tag c. long life d. none of the above
Which of the following statements is FALSE? Select one: a. Long-term forecasts tend to be less...
Which of the following statements is FALSE? Select one: a. Long-term forecasts tend to be less accurate than the short-term forecasts. b. The smaller the number of periods ("n") used in the simple moving average forecasting method leads to a more sensitive forecast. c. The larger “alpha” value of a simple exponential smoothing leads to a “more responsive” forecast. d. Forecasts of suppliers tend to be less accurate than the forecasts of retailers in a supply chain. e. Forecasts of...
Which of the following is not a characteristic of the structure of perfectly competitive markets? Each...
Which of the following is not a characteristic of the structure of perfectly competitive markets? Each individual firm is small in size relative to the overall market. Few sellers. Homogeneous product. Easy, low cost entry and exit. QUESTION 2 In the perfectly competitive market, all firms in the market are assumed to be producing: Identical products. differentiated products. products that are heavily advertised. complimentary products. QUESTION 3 Which of the following is characteristic of a perfectly competitive market? There is...
1. Which of the following is a characteristic of the 19th century working-class? A. Its members...
1. Which of the following is a characteristic of the 19th century working-class? A. Its members unified by their low status jobs and low wages.. B. Its members engaged in temporary or permanent migration in search of work. C. Its members' demonstrated a lack of discipline (poor attendance, lack of focus, poor productivity.). D. Its members were submissive, tending to endure the hardships they experienced without complaint.. 2. Despite poor working conditions, workers take jobs in assembly plants today because...
Which of the following statements is correct? A) The monopolist's supply curve is its MC curve....
Which of the following statements is correct? A) The monopolist's supply curve is its MC curve. B) The monopolist's supply curve is that section of its MC curve that lies above its AVC curve. C) The monopolist's supply curve is that section of its MC curve that lies above its MR curve. D) The monopolist does not have a supply curve. Answer: 13) All of the following are measures of market power except the: A) Lerner Index. B) Minimum-Efficient Scale...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT