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CIPS Global Logistics Strategy Sample Questions (Q138-Q143):

NEW QUESTION # 138
Sarah is a product manager for a company that specializes in electronic gadgets. She is launching a new innovative gadget that has never been introduced in the market before. In which phase of the product life cycle is flexibility likely to be the most crucial for Sarah's new gadget?

A. Maturity phase
B. Introduction phase
C. Decline phase
D. Growth phase

Answer: B

Explanation:
During the introduction phase of a product's life cycle, innovation and adaptation are key. Flexibility is crucial as the product is being introduced to a new market and consumer demand is uncertain. [P-184]

NEW QUESTION # 139
Which types of goods and contracts are NOT subject to the CISG? (Select ALL that apply)

A. Sale of ships or aeroplanes
B. Bonds and investment securities
C. Auctioned goods
D. Goods for private consumption and use such as personal effects
E. The sale of stocks and shares

Answer: A,B,C,D,E

Explanation:
The CISG does not apply to personal effects, auctioned goods, stocks, bonds, or the sale of ships/aeroplanes. [P-127]

NEW QUESTION # 140
What is the main characteristic of closed loop supply chains?

A. They involve cyclical motions of both forward and reverse flows with minimal leakage or losses.
B. They prioritize open-loop systems to reduce impacts on the environment.
C. They consider only reverse flows activities from point of consumption to point of origin.
D. They minimize forward flows activities and processes.

Answer: A

Explanation:
Closed loop supply chains are characterized by their design to consider both forward and reverse flows activities and processes in a cyclical motion with minimal leakage or losses. [P-144]

NEW QUESTION # 141
Which of the following is NOT a way in which reverse logistics creates value for organizations?

A. Increasing product life cycles
B. Reducing customer satisfaction and loyalty
C. Recovering value from used/returned goods
D. Obtaining feedback for product improvements

Answer: B

Explanation:
Reverse logistics creates value for organizations through various means, including increasing product life cycles, obtaining feedback for product improvements, and recovering value from used/returned goods. It does not involve reducing customer satisfaction and loyalty. [P-139]

NEW QUESTION # 142
The following five companies are dealing with the challenge of managing a product portfolio, catering to diverse customer segments across international territories. Each company manager is tasked with prioritizing specific focus areas and allocating resources to overcome challenges.
Company A: A grocery store chain frequently offers special promotions and discounts, significantly affecting ordering patterns. These volatile prices make it challenging to maintain a consistent revenue stream.
Company B: A growing e-commerce business experiencing increased shipping costs due to the rapid expansion of product offerings and customer base. To maintain profitability, they need to reduce costs.
Company C: A custom-made furniture manufacturer facing order processing delays, leading to longer lead times and increased customer complaints.
Company D: A manufacturer of high-demand electronic gadgets experiencing demand exceeding supply, requiring order rationing. Customers are frustrated due to errors in the rationing system and have attempted to game the system.
Company E: A global electronics manufacturer struggling to manage its complex supply chain across multiple regions. The company needs to leverage technology to improve efficiency and reduce operational costs.
Q: For Company D, what recommended action should the company manager take?
Answer Options:

A. Implementing automation and machine learning
B. Leveraging economies of scale
C. Improving order accuracy
D. Handling price fluctuations
E. Implementing order batching

Answer: C

Explanation:
To address errors in the rationing system, Company D should focus on improving order accuracy, ensuring fair distribution of limited supply. [P 166-169]

NEW QUESTION # 143
......

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Why Should You Start Preparation With CIPS L6M10 Exam Dumps?

Demo L6M10 Test - Exam L6M10 Tutorial

CIPS Global Logistics Strategy Sample Questions (Q138-Q143):

100% Pass Quiz 2025 L6M10: Global Logistics Strategy Useful Reliable Exam Blueprint

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