1) List and discuss, with a South Pacific example of your choice, three costs of under- forecasting.

2) List and discuss how focusing on the whole product experience, rather than only the product, helps an organization in its quest for competitiveness. Use a local example for elaboration with your answer.

3) List and discuss four types of risks faced by organisations from the Pacific Island Countries while managing supply chains.

4) Write the formula for the basic EOQ model. (5 marks)

5) Use a local example to discuss 3 key differences between a good and a service.

6) List and discuss 3 phases of project management.

Explain in detail