Opening the paper…
Industry 4.0, Quiz 2
Choose the correct term from the Column B for the description given in Column A. Note that one to-one mapping in the table is not necessary.
| Column A | Column B |
|---|---|
| a.1 You can order a mobile phone on Amazon, but can collect the product from the showroom | b.1 Impulse buying |
| a.2 To go to the office, you require a formal pair of trousers. While searching for trousers on Myntra, you came across a leather belt that perfectly complemented your chosen trousers, prompting you to make the purchase. | b.2 Multi-channel retailing |
| a.3 After acquiring a new mobile phone, you considered safeguarding it from scratches by investing in a phone cover. Now, the phone and the phone-cover are--- | b.3 Complementary product |
| b.4 Omni-channel retailing | |
| b.5 Substitution product | |
| b.6 Inventory-dependent demand |
Choose the correct term from the Column B for the description given in Column A. Note that one to-one mapping in the table is not necessary. | Column A | Column B | |---|---| | **a.1** You can order a mobile phone on Amazon, but can collect the product from the showroom | b.1 Impulse buying | | **a.2** To go to the office, you require a formal pair of trousers. While searching for trousers on Myntra, you came across a leather belt that perfectly complemented your chosen trousers, prompting you to make the purchase. | b.2 Multi-channel retailing | | **a.3** After acquiring a new mobile phone, you considered safeguarding it from scratches by investing in a phone cover. Now, the phone and the phone-cover are--- | b.3 Complementary product | | | b.4 Omni-channel retailing | | | b.5 Substitution product | | | b.6 Inventory-dependent demand | In a EOQ calculation, the estimated and actual parameter values are given in Table 1. What is the error in the EOQ calulation \{error= (Qestimated - Qactual)/ Qactual \}. (round your answer to two decimal without the percentage sign eg, enter 10.12 if your answer is 10.12 %) Figure from the original question paper Match the following columns by selecting the correct name from Column B for the labels in column A which are depicted in the ‘**Figure: EOQ model**’ below: EOQ model graph with curves labelled A to F and a matching table of Column A (A to F) with Column B (Carrying cost, Order cost, Cost, EOQ(Q*), Quantity, Total cost)