04 Jun Ministry of Higher EducationColleges of Applied SciencesBusiness
Ministry of Higher EducationColleges of Applied SciencesBusiness Administration ProgramFinal Assessment – Semester Spring 2020 Following fill by the Lecturer:Course Code:BSDR1102Course Title:Business FundamentalsStudent’s ID Number: Student’s Name: Sending Date & Time: On the 3rd of May 2020 @ 11:00 amSending through:CAS MailSubmission Week:Week 16Submission Date and Time: Submission starting from 8 am the 9th of May 2020 and ending at 4 pm the 14th of May 2020.Marks Scored: 20 Following fill by the Student:Date & Time of submission:On ….May 2020 @ ….Submitting through:CAS Mail/ Black Board ……….. Instructions to Students:§ This is an individual task.§ There are four questions. Please answer all questions.§ Please do not relay on other students, experts, teachers, etc.§ After completing the exam upload this file on the blackboard on or before the due date of submission.Section A: Long answer questions – Answer All questions (2 x 5 marks = 10 marks) Q.1. In your viewpoint, which area of social responsibility is most important? Why?Q.2. Consider a service product, such as transportation, entertainment, or health care. What are some ways, that more customer value might be added to this product? Why would your improvements add value for the buyer?Section B- Case Study – Answer ALL questions (2 x 5 marks = 10 marks) The importance of sustainable purchasing and supplyPurchasing and supply – also known as procurement – may appear to be a ‘hidden’ function in many organisations. In fact, procurement is a highly strategic role, whether the organisation is manufacturing or service-orientated, in the public or private sector, for profit or not.Procurement managers are also involved in researching suppliers in new markets and developing new and innovative procurement methods to improve effectiveness. They also agree and manage service level agreements (SLAs). An SLA is a contract that specifies standards, timings and payments for the supply along with penalties for missing targets. It sets out the responsibilities and expectations for both the business (the buyer) and its suppliers. A key element of the SLA is ensuring that the price quoted by suppliers will not be subject to change, thus affecting the purchasing budget.Longer term purchaser and supplier relationships can provide stability and add value to both parties. The purchaser may be able to get the best possible terms and prices or a supplier may ‘go the extra mile’ for the business in an urgent situation. This type of collaboration builds trust between buyer and supplier, which might enable a just-in-time relationship, where both parties hold minimum stock and so reduce costs.Reference: https://www.pdfdrive.com/the-times-100-business-case-studies-e40999159.htmlQuestions: Q.3. Summarise the case in your own words.Q.4. Analyse why the selection of suppliers is such an important issue in the oil and gas industry. Name: ____________________________________ ID_______________________ Write your answer below: 1. 2. Case-study:3. 4.
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