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?

    <p>A contractual supplier arrangement is an agreement between a buyer and a supplier that outlines the terms and conditions of their business relationship.</p> Signup and view all the answers

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

    <p>A preferred supplier arrangement is a legal document that outlines the terms and conditions of a buyer's preferred suppliers.</p> Signup and view all the answers

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

    <p>Contractual supplier arrangements grant exclusive rights to the supplier, while preferred supplier arrangements do not.</p> Signup and view all the answers

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