Test Your Knowledge: Sourcing 101: Where Value Is Actually Made

Instructions: Select the best answer for each question.

1. In the lesson, what does sourcing do?
2. What is a supplier?
3. Why does the lesson compare sourcing to a kitchen?
4. What is a product specification?
5. Why is true unit cost important?
6. Which item can be part of true unit cost?
7. Why does lead time matter?
8. What happens if quality does not match the brand promise?
9. Why compare multiple suppliers?
10. What should students avoid before sourcing?
11. What does margin protect?
12. What is the main sourcing lesson?
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