1. Supplier and buyer relationship in supply chain perspective is defined to be transactional instead of collaborative....

1. Supplier and buyer relationship in supply chain perspective is defined to be transactional instead of collaborative. Is this statement true or false?

True

False

2. Jones Manufacturing sells a part to Lear Corporation. Lear puts this part into a radio, which Lear then sells to Ford. From Lear's point of view, Ford is a(n) __________.

Echelon 1

Echelon 2

Tier 1

Tier 2

3. An example of strategic planning is:

Setting inventory levels for a given product.

Forecasting next week's demand of a given product item

Targeting customer demand for aggregate product families.

Deciding where to locate a new manufacturing plant.

4. In forecasting, quantitative method is always better than qualitative one in accuracy of estimation. Is this statement true or false?

True

False