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HBX CORe (Credential of Readiness) is an online program offered by Harvard Business School that introduces learners to fundamental concepts in business. The program aims to equip individuals with the necessary skills to excel in their careers, whether they are aspiring entrepreneurs, professionals, or students. The curriculum covers three CORe subjects: Business Analytics, Economics for Managers, and Financial Accounting. Each of these subjects is designed to provide learners with a comprehensive understanding of essential business concepts.

To prepare for the final exam, students are provided with a variety of resources, including lectures, case studies, and practice exams. They are also encouraged to participate in online discussions with their peers and to seek guidance from their instructors. By utilizing these resources and putting in the necessary time and effort, students can feel confident and well-prepared when it comes time to take the final exam.

HBX CORe is an online program offered by Harvard Business School that aims to equip learners with fundamental business skills. CORe stands for Credential of Readiness, which is a certificate that learners receive upon successful completion of the program. The program is designed for individuals who are interested in pursuing a career in business, but lack formal business education or experience. The program covers three CORe subjects: Business Analytics, Economics for Managers, and Financial Accounting.

ISM Supply Management Core Exam Sample Questions (Q82-Q87):

NEW QUESTION # 82
Which of the following businesses is LEAST likely to locate its stores close to its competitors' stores?

• A. An ice cream chain which has built strong customer loyalty due to its distinctive flavors
• B. A home goods store which frequently offers sales
• C. A car dealership which sells a different brand of car than its nearby competitors
• D. A boutique clothing store which sells expensive but high-quality apparel

Answer: B

NEW QUESTION # 83
A firm is developing a solicitation to purchase materials in order to meet the needs of a new product launch.
The firm anticipates that some or all of its existing suppliers will respond to the solicitation. Given this situation, which of the following is the BEST requirements gathering approach for the firm?

• A. Repetitive requirements gathering and testing
• B. Joint requirements development sessions
• C. Pilot and redesign approach
• D. Describe, define, document and build approach

Answer: B

Explanation:
* Situation Context: The firm is developing a solicitation for materials for a new product launch, and existing suppliers are expected to respond.
* Collaboration Need: Joint requirements development sessions involve collaborating with key stakeholders, including existing suppliers, to gather comprehensive requirements.
* Detailed Understanding: This approach ensures a detailed and accurate understanding of the needs, leveraging the suppliers' expertise and knowledge of their capabilities.
* Alignment: It aligns the expectations of all parties involved, resulting in more precise and effective solicitation documents.
* Outcome: This method increases the likelihood of receiving proposals that meet the firm's exact requirements and supports a successful new product launch.
References
* ISM Professional Series: Supply Management Core
* CIPS Guide to Procurement Requirements Gathering

NEW QUESTION # 84
A supplier manufactures toys of proprietary design for its customers. Since the company's customers are industry rivals, the supplier has mutual non-disclosure agreements with each of them. One of these customers has developed a new toy and put it out to bid. Before awarding the contract, the customer's procurement team conducts a site visit to the supplier's factory. During the tour, the supplier asks the procurement team to turn off and put away any cell phones that have cameras. Which of the following BEST describes why the supplier made this request?

• A. To protect the supplier's employee work practices
• B. To protect the finished goods of other customers
• C. To protect the confidentiality of the manufacturing process
• D. To protect the production schedules of the other customers

Answer: C

Explanation:
The supplier's request for the procurement team to turn off and put away cell phones with cameras is primarily to protect the confidentiality of their proprietary manufacturing processes. In the competitive toy manufacturing industry, the specific techniques and processes used to create products can be considered trade secrets. Allowing visitors to use cameras could risk capturing and potentially sharing these secrets, which could be detrimental to the supplier's competitive advantage and violate the non-disclosure agreements in place with other customers.
References
* Trade Secrets Protection: A Guide to the Law and Practice by Jane Lambert
* "Non-Disclosure Agreements (NDAs) in Manufacturing" - American Bar Association

NEW QUESTION # 85
A college bookstore sells textbooks at a 15 percent discount to professors while successfully selling the same books at full price to students. What conditions are present so that the bookstore can charge different prices? (Select all that apply.)

• A. The books can also be purchased online.
• B. The bookstore is owned by the college where it sells books.
• C. Professors are unable to resell books.
• D. The bookstore has few close competitors.
• E. The demand for the books is elastic.

Answer: C,D

NEW QUESTION # 86
A firm has contracted for the past 3 years with Supplier DEF to supply parts used in manufacturing. As the contract comes to an end, the parties enter into negotiations in the hopes of renewing the agreement. DEF proposes a new 3-year term with a 3% increase in price each year. The supply management team believes this price increase is higher than market value, so they execute a request for proposal (RFP) event for parts, In which DEF is Included. After reviewing the proposals, DEF is the successful bidder. DEF's proposal is for 3 years with only a 1% increase in price each year.
The price difference obtained through the RFP can BEST be described as which of the following?

• A. Cost reduction
• B. Cost containment
• C. Cost avoidance
• D. Cost mitigation

Answer: C

NEW QUESTION # 87
......

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