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WorksheetsChapter 5 - Strategic Networks and Platforms
Total questions: 32
Worksheet time: 48mins
Which of the following best defines a supply chain?
A network of only suppliers
All activities from raw material to final consumer
Distribution activities only
Marketing and sales channels
What is the term used for the flow from business to suppliers?
Downstream
Upstream
Side stream
Reverse chain
Which model is driven by consumer demand
Push model
Pull model
Hybrid model
Cost leadership model
E-procurement includes all the following stages EXCEPT
E-sourcing
E-purchasing
E-payment
E-borrowing
A single supplier strategy may lead to
Reduced costs but higher dependency risk
Increased product range
Better market competition
Lower collaboration
The term disintermediation refers to:
Adding new intermediaries
Removing intermediaries from supply chain
Increasing supplier dependency
Government intervention
Which of the following is a key feature of relationship marketing?
Focus on one-off transactions
Short-term gains
Building long-term customer relationships
Product-centric approach
The SERVQUAL factor ‘reliability’ focuses on
Staff empathy
Speed and accessibility of service
Accurate and dependable service delivery
Tangible facilities
Cloud computing helps supply chains by
Increasing paperwork
Slowing communication
Enabling faster, secure collaboration
Reducing customer feedback
In the Six Markets Model, ‘referral markets’ refer to
End customers
Suppliers
Influencers who refer clients
Internal departments
A company using EDI between systems aims to
Increase paperwork
Slow down procurement
Enable faster, accurate transactions
Remove data security
Which one of the following is an example of reintermediation?
Selling directly to consumers online
Introducing new online intermediaries
Eliminating wholesalers
Producing in-house
Reciprocal buying refers to
Customers exchanging goods
Firms buying from each other on condition of reciprocal purchase
Supplier monopoly
Outsourcing
SERVQUAL’s empathy dimension focuses on
Tangible facilities
Individualised attention to customers
Delivery speed
Cost efficiency
The concept of dissonance relates to:
Customer satisfaction
Post-purchase regret
Cross-selling
Price competition
A travel company setting up its own comparison site is engaging in:
Counter-mediation
Reintermediation
Disintermediation
Outsourcing
A company moves from supplier bidding to long-term collaboration. What strategy is this?
Antagonism
Partnership
Outsourcing
Centralisation
V retails toy cars. He manufactures the product in batches of one thousand and then personally visits various independent toy shops, trying to convince them to stock the products on their shelves. This is an example of a ________ supply chain.
Push-based supply chain
Pull-based supply chain
Agile supply chain
Virtual supply chain
When managing a supply chain, a business may wish to ensure that every part of the chain has sufficient cash and/or profits. Which ONE of the following reasons would best explain this?
To ensure ongoing supply and demand for the business’s products
To ensure that the business has sufficient information on all parts of its supply chain
To ensure quality throughout the overall supply chain
To ensure maximum collaboration throughout the chain
XL Travel has seen profits fall despite investing in marketing, new offices, and improved booking systems. Customer complaints suggest that the quality of the trips themselves has declined. XL is considering using its cash surplus to improve its supply chain, including transport providers, accommodation partners, and catering suppliers used during the Black Rock trips.
Which ONE of the following supply-chain improvements is MOST likely to address the root cause of customer dissatisfaction?
Investing further in advertising to attract younger customers
Strengthening relationships with accommodation and transport providers to improve service quality
Opening additional booking offices throughout country S
Reducing tour prices to compensate for lower-quality services
WOT is an organisation based in country F that reviews and recommends electrical and other products to consumers. WOT has around 4 million subscribers in country F, who will typically only buy the products that WOT has highly rated. JJH is an electronics manufacturer based in country F. According to Payne’s six markets model, which ONE of JJH’s key markets is WOT classified within?
Referral
Customer
Supplier
Influence
Which THREE of the following are methods of acquiring customers?
Electronic data interchange
Social media marketing
Search engine optimisation
Personalisation and customisation
Interactive advertisements
Z plc offers car insurance to its customers. The car insurance industry is large and made up of hundreds of different rivals, all offering similar insurance products. One of Z’s rivals, M, has recently created a new website that allows consumers to compare quotes quickly and easily from the majority of the car insurance companies in the market. While not every customer chooses M from the list of quotes they are given, M receives commission from every policy sold through its site. Z wishes to respond to this change in the market by creating its own comparison website. Z's planned strategy is an example of which ONE of the following?
Intermediation
Disintermediation
Reintermediation
Countermediation
JAF sells cosmetics to individual consumers through a chain of stores in every major town and city in country H. Which TWO of the following are suitable examples of downstream supply chain management for JAF?
Set-up of electronic data interchange (EDI) between JAF and its customers
Introduction of customer loyalty cards for shoppers
E-procurement of make-up by JAF
Data warehousing and mining of JAF customer information
Residents of country U eat large amounts of food from takeaways each year. These are small, usually family owned, restaurants that cook food and then deliver them to the customer’s home, typically for a small fee. Many of these restaurants have gia web presence and only accept cash payments. Unfortunately, many customers now wish to be able to order online and pay by credit card, as the use of cash becomes less popular. HGH has recently launched a new website. This allows customers to browse the menus of nearby takeaways, and place online orders, which HGH then communicates to the takeaway. HGH accepts card payments from customers and then transfers these funds directly into the takeaway owner’s bank account.
HGH’s website is an example of which ONE of the following?
Intermediation
Countermediation
Disintermediation
Reintermediation
ABC has just made a financial loss on trading for the first time in 50 years. ABC’s senior management is therefore currently undertaking a customer review. The Management accountant has discovered the following statistics about three of the company’s largest customers. For each customer he identified the number of times a sales assistant had to visit the customer, and the number of rush deliveries that ABC had to provide for each customer. In order to stay competitive, ABC cannot pass on the cost of either of these activities to its customers.
Which ONE of the following statements best describes the current issue at AAA?
All three customers are earning revenue for ABC, so the company should not make any changes to the way it manages them
ABC should stop undertaking expensive rush deliveries for all customers
ABC needs to increase the selling price to all three customers due to the number of rush deliveries
Despite Customer 3 providing the most revenue, it is not necessarily earning the highest margin
exclusive ten-year franchise by the government of country G to run trains in the East of the country. It is considering launching an e-procurement system for its purchases of diesel (necessary for the running of around 45% of its trains). There are a number of suppliers of diesel, though KKB has historically only ordered diesel from one of these (using a manual ordering system). Diesel prices vary significantly between suppliers and on the open market. Storage of diesel is expensive, but KKB has been forced to keep a significant amount in inventory as its current supplier cannot always guarantee prompt delivery. Which of the following statements relating to KKB’s e-procurement system is correct? (Select ALL that apply).
It will increase KKB’s competitive advantage in its market
It will reduce KKB’s over-reliance on a single supplier
It will enable KKB to reduce its inventory holding costs
It will reduce KKB’s exposure to technology risk
A small indie game studio traditionally sold boxed games through retail chains. They now offer direct digital downloads from their website and also launch a curated marketplace that aggregates indie titles from other small studios, charging a commission on each sale. Which statement best describes these actions?
The studio has practised disintermediation only.
The studio has practised reintermediation only.
The studio has practised both disintermediation and reintermediation.
The studio has practised countermediation.
The studio has increased reciprocal buying.
A supermarket uses customer purchase histories and online browsing to predict which shoppers are most likely to buy premium coffee next month. They then send targeted coupons to the highest‑scoring customers. This is an example of
Cognitive dissonance reduction
Derived demand forecasting
Propensity modelling.
Disintermediation
Reciprocal buying.
A manufacturer of professional printers links its order system to major office‑supply retailers so that when a retailer’s stock falls below a threshold, the manufacturer automatically replenishes it. The manufacturer also analyses retailer sales data to recommend complementary ink subscriptions to end customers. Which downstream strategy elements are illustrated?
Disintermediation and countermediation.
Extranet integration and customer extension via propensity modelling.
Reciprocal buying and derived demand.
Harvesting and divestment.
Cognitive dissonance management and reintermediation.
A consumer buys an expensive smartphone after heavy advertising claims about camera quality. After purchase they read reviews suggesting the camera underperforms, feel regret, and consider returning the phone. Which marketing action would best reduce cognitive dissonance and improve repurchase likelihood?
Increase price promotions to make the purchase feel like a bargain.
Provide post‑purchase reassurance: tutorials, positive user stories, and responsive support.
Remove all negative reviews from retailer pages.
Shift to disintermediation so customers buy direct.
Introduce reciprocal buying agreements with accessory suppliers.
A steel supplier notices a forecasted decline in car production in its major markets. To prepare, the supplier reduces short‑term production and focuses sales efforts on construction firms that still plan large projects. Which concept best explains the supplier’s initial production cut and subsequent market shift?
Propensity modelling driving customer extension.
Cognitive dissonance leading to brand switching.
Derived demand causing cyclical production adjustments and strategic re‑targeting.
Disintermediation to sell steel directly to consumers.
Countermediation through creating a new intermediary.
