Product and Brand Management

51

Partially processed or finished goods which are sent between factories over large distances is called . . . . . . . . inventory.

A) Pipeline B) Cycle C) Finished Goods D) Work in process

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Answer & Solution

Answer: Option A

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52

ALDEP stand for

A) Automated Layout Design Programs B) All Layout Design Programs C) All Layout Distribution Product D) All Location Design Product

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Answer & Solution

Answer: Option A

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53

Which of the following is not a physical factor that can influence the choice of location for an operation?

A) Nature of the communication links B) Access to customers C) Access to raw materials D) Provision of water supply

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Answer & Solution

Answer: Option B

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54

Process decision must be made when

A) A new product is being offered B) Quality must be improved C) Competitive Priorities have changed D) All of the above

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Answer & Solution

Answer: Option D

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55

Which of the following factors includes age, occupation, economic circumstances, lifestyle and personality?

A) Cultural B) Social C) Personal D) Psychological

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Answer & Solution

Answer: Option B

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56

Linear Programming includes

A) Optimal Solution B) Feasible Solution C) Linear Relationship D) All of the above

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Answer & Solution

Answer: Option D

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57

News Boy Problem is related to

A) queueing problem B) inventory problem C) replacement problem D) linear programming problem

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Answer & Solution

Answer: Option B

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58

Which of the following is the correct cycle for the implementation of a Six Sigma quality improvement programme?

A) Design, Monitor, Analyse, Control, Improve B) Define, Measure, Analyse, Improve, Contro C) Design, Measure, Control, Improve, Analyse D) Define, Measure, Improve, Analyse, Control

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Answer & Solution

Answer: Option B

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59

Sensitivity Analysis may be used in

A) Linear Programming B) Transportation Model C) PERT D) CPM

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Answer & Solution

Answer: Option A

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60

Which of the following is incorrect about logistics?

A) They are helpful in increasing responsiveness or efficiency of the supply chain B) Supply chain is a sub-component and extension of logistics C) It is effective in forward and reverse flow and storage of goods D) It includes services and reiated information between the point of origin and the point of consumption in order to meet customers'requirements

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Answer & Solution

Answer: Option B

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