Supply Chain Management (SCM)starts Before Physical Distribution

question 36

Multiple Choice

Supply chain management (SCM) starts before physical distribution.It involves procuring the right inputs,_____ them efficiently into finished products,and then distributing them to the right customers.

• A) using
• B) converting
• C) delivering
• D) labeling
• E) procuring

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Definitions:

Advanced Technologies

Modern and cutting-edge technologies that offer significant improvements over existing technologies in terms of performance, efficiency, or capabilities.

Expensive Labor

Refers to labor that has a high cost, often due to skills, experience, or wage regulations that increase the compensation required to employ workers.

Resource Endowments

The natural resources, capital, and human skills that a country or region has available for economic production.

World Bank

An international financial institution that offers loans, grants, and expert advice to developing countries for economic development projects.