Question detail
RiverRun Catering serves price-sensitive customers while using retained profit; the case evidence includes break-even output of ?7,626, sales of 506 units, and a 27% change in costs or demand. Which option best applies Explain the benefits of effective supply chain management, including supplier coordination, value, reduced waste and faster production?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
The role of procurement
Question
- A. Use supplier, supply chain to judge net profit margin, owners impact, and the business objective in Suppliers, logistics and supply chains.
- B. Give only a definition of The role of procurement without using the case evidence.
- C. Treat internal and external finance as identical and ignore the effect on owners.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use supplier, supply chain to judge net profit margin, owners impact, and the business objective in Suppliers, logistics and supply chains.
Explanation
The option is correct because Use supplier, supply chain to judge net profit margin, owners impact, and the business objective in Suppliers, logistics and supply chains. The case evidence gives ?9,126, 506 units, and 27%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse internal and external finance, miss the owners, or ignore the business objective.
Common mistake
Suppliers, logistics and supply chains common mistake 1
Giving a vague answer instead of directly addressing: Explain the benefits of effective supply chain management, including supplier coordination, value, reduced waste and faster production..
Answer by clearly explaining how to explain the benefits of effective supply chain management, including supplier coordination, value, reduced waste and faster production..
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