BSG Quiz 1 (New 2024/ 2025 Update) Questions and Verified Answers|100% Correct| Grade A
QUESTION
Which of the following most accurately describes yo... [Show More] ur company's plant operations?
a. Standard materials are used to make private-label shoes and are sourced from outside suppliers; superior materials are produced in-house and are used in branded footwear production.
b. All private-label footwear is outsourced form contract manufacturers in Latin America and the Asia-Pacific at prices of $12.50 per pair.
c. Branded footwear is produced round-the-clock (3 shifts per day) 5 days per week; private-label footwear is made using only 1 shift per day (due to higher production-run set-up times for private-label models/styles).
d. Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions; the company's production workers are compensated on the basis of both base pay and incentive payments per non-defective pair produced.
e.TQM/Six Sigma quality control
Answer:
d. Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions; the company's production workers are compensated on the basis of both base pay and incentive payments per non-defective pair produced.
QUESTION
Which the following are the four geographic regions in which the company sells branded and private-label athletic footwear?
a. Asia-Pacific, Europe-Africa, North America, and Latin America
b. The European Union, North America, Southeast Asia, and Latin America
c. Latin America, Europe, China, and North America
d. Argentina, Great Britain, the U.S., and Japan
e. North America, Asia, European Union, and Middle East
Answer:
a. Asia-Pacific, Europe-Africa, North America, and Latin America
QUESTION
In Year 11, footwear companies can expect to sell
a. an average of 4.84 million branded pairs and an average of 800,000 private-label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort.
b. an average of 5.2 million branded pairs and an average of 880,000 private-label pairs.
c. an average of 5.5 million branded pairs and an average of 700,000 private-label pairs, although some companies may sell more pairs than the average and other companies may sell fewer than the average due to differing levels of competitive effort.
d. no less than 3.95 and no more than 4.95 million branded pairs and no less than 650,000 and no more than 950,000 private-label pairs.
e. exactly 4.844 million branded pairs and 800,000 private-label pairs.
Answer:
a. an average of 4.84 million branded pairs and an average of 800,000 private-label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort.
QUESTION
The market for private-label athletic footwear is projected to grow
a. 10% annually in North America and Europe-Africa during the Year 11-Year 15 period and 8.5% annually in Latin America and the Asia-Pacific regions during the Year 11-Year 20 period.
b. 10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period.
c. 6-8% annually in North America and Europe-Africa during the Year 11-Year 20 period and 10-12% annually in Latin America and the Asia-Pacific during the Year 11-Year 20 period.
d. 12-14% annually in all 4 regions during the Year 11-Year 15 period and 8-10% annually in all 4 regions during the Year 16-Year 20 period.
e. 12% annually in all four geographic markets during Years 11-15, and then slow gradually to 8% annually in all markets by Year 20.
Answer:
b. 10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period.
QUESTION
A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region is determined by
a. how favorably its wholesale price compares with the highest wholesale price being charged by any rival in any geographic region.
b. how favorably its wholesale price compares with the wholesale price being charged by company having the lowest-priced footwear brand (after all mail-in rebates are factored in).
c. whether its wholesale price is above or below the average price of all companies competing in that geographic region.
d. how favorably its wholesale price compares to the lowest price being charged by the rival company having the largest number of models/styles in the region.
e. whether its wholesale price is above or below the average price of all companies having the same S/Q rating in the region.
Answer:
c. whether its wholesale price is above or below the average price of all companies competing in that geographic region.
QUESTION
The market for branded athletic footwear is projected to grow
a. between 8-11% annually worldwide during the Year 11-20 period.
b. 9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.
c. 6-9% annually in all four geographic regions during the Year 11-Year 15 period and 7-8% annually in all four regions during the Year 16-Year 20 period.
d. 10-12% annually in North America and Europe-Africa during the Year 11-Year 15 period and 6-8% annually in these regions during the Year 16-Year 20 period.
e. 6% annually in all four geographic markets during Years 11-15, and then slow gradually to 3% annually in all markets by Year 20.
Answer:
b. 9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.
QUESTION
The factors that affect a company's S/Q rating include:
a. the size of annual base pay increases; reject rates; expenditures for best practices training; whether plant upgrade B has been installed.
b. the number of performance features built into branded mode [Show Less]
