Peak Season Continuity Planning

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Questions and Answers

How can a continuity plan help a business in planning for peak season operations?

By reducing the number of products available for sale
By providing guidelines for hiring temporary staff (correct)
By outsourcing operations to another country
By offering discounts to customers during peak season

What is the main purpose of a continuity plan for a business?

To attract new customers
To prevent any disruptions to business operations (correct)
To reduce the number of employees
To increase profits

Why is it important for a business to plan for peak season operations?

To ensure customer satisfaction (correct)
To reduce customer demand
To maximize profits
To avoid hiring temporary staff

Which one of these is a correct definition of a contractual supplier arrangement?

A contractual supplier arrangement is an agreement between a buyer and a supplier that outlines the terms and conditions of their business relationship. (C) Signup and view all the answers

Which one of these is a correct definition of a preferred supplier arrangement?

A preferred supplier arrangement is a legal document that outlines the terms and conditions of a buyer's preferred suppliers. (D) Signup and view all the answers

Which one of these statements is true about contractual and preferred supplier arrangements?

Contractual supplier arrangements grant exclusive rights to the supplier, while preferred supplier arrangements do not. (B) Signup and view all the answers

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