Knowledge quiz

It's time to put what you've learned to the test, get 7 right to pass this unit.

What are the benefits of enabling resilient supply networks?

There are two correct answers.

Improved customer service

Enhanced product innovation

Optimized profitability

Streamlined marketing efforts

Which processes are key to creating agile manufacturing operations?

There are two correct answers.

Portfolio and Project Management

Manufacturing Execution (Industry 4.0)

Demand Management and Insights

Asset Operations and Maintenance

What is a key focus for consumer products companies in adapting to changing consumer preferences?

Choose the correct answer.

Increasing production speed

Reducing product variety

Expanding physical store locations

Emphasizing sustainability and personalization

What are some key trends impacting the Consumer Products industry?

There are three correct answers.

High inflation affecting profitable growth and consumer behavior

Leaders experimenting with direct-to-consumer models and subscription services

Reduced focus on sustainability due to higher costs

Shift from "just in time" to "just in case" supply chain planning due to volatility.

Which strategies are consumer products companies exploring to drive new revenue streams?

There are two correct answers.

Direct-to-consumer models

Subscription services

Reducing product lines

Metaverse experiences

What are some challenges Consumer Products companies face when evolving their business models?

There are three correct answers.

Lack of synergy between different routes to market

High acquisition costs and churn rate due to limited personalization and consumer engagement

Inefficiency in managing B2B customers with complexity

Difficulty increasing product variety within their existing catalog

Which term describes the strategy of reaching consumers across all shopping channels?

Choose the correct answer.

Brick and Mortar

Omnichannel

Pop-Up Shops

Clicks-to-Bricks

What role do agencies and brokers play in the consumer products industry?

Choose the correct answer.

They sell directly to consumers.

They operate under a franchise model.

They act as sales agents for companies.

They buy and resell bulk deals.