CEO of Baby-Formula Subscription Service Talks Formula Crisis

CEO of Baby-Formula Subscription Service Talks Formula Crisis

Assessment

Interactive Video

Business

University

Hard

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The video discusses the challenges faced by a startup in managing supply chain issues and customer demand, particularly in the infant formula market. It highlights the regulatory hurdles and the need for innovation while ensuring safety. The discussion also covers strategies for handling inflation and cost management, emphasizing the importance of regulatory support and market flexibility.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason the startup decided to prioritize current customers over new growth?

To increase profits

To ensure a steady supply for existing customers

To expand into new markets

To reduce production costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the key roles of the FDA and government in addressing supply chain issues?

Reducing safety regulations

Increasing production in current facilities

Promoting local manufacturing

Providing flexibility to import formula from abroad

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant barrier to entering the infant formula market?

Limited distribution channels

Rigorous scientific regulatory hurdles

Lack of consumer interest

High advertising costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did some parents turn to a black market for foreign formulas?

Better quality ingredients

More variety in flavors

Faster delivery times

Lower prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has inflation affected the supply chain costs for the startup?

It has decreased costs significantly

It has stabilized costs

It has had no impact

It has increased costs, requiring price adjustments