MT Business Model

Test your knowledge of this topic by selecting the best answer for each of the following questions. Refer to″>MitiTech business model for these questions. When you click the Submit button, you will see your score and the results will go to your instructor.

To ensure that its supply chain can handle a surge in demand, MitiTech should:

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a. hire additional manufacturing employees

b. modify its design to speed up production time

c. expand its network of suppliers

What type of information must MitiTech’s suppliers have to fulfill an order?

a. a copy of the customer’s invoice

b. a purchase requisition with the specifications for the order, delivery location, and date

c. installation instructions

d. transportation routes

What is required of MitiTech to maintain and strengthen the ongoing relationship with its suppliers?

a. prompt payment to suppliers

b. specifications for each order

c. notice of any special circumstances or requirements for a given order

d. all of the above

Considering the competitive forces model, what information should MitiTechnotcommunicate to the external parts of its value chain?

a. product specifications

b. customer name and address

c. customer pricing

d. order-fulfillment date

Which of the following market changes could dramatically impact MitiTech’s supply chain, creating a need for a quick response?

a. competing product with the same certifications and effectiveness level

b. small price change in Safetydrape fabric

c. one supplier of component parts goes out of business

d. expiration of patent protection

e. both a and d

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