Examlex
Which statement is an example of a demand characteristic in everyday life?
Efficient Supply Chains
Supply chains that are optimized to minimize costs and waste while maximizing productivity and customer value.
Buffer Inventory
A reserve of supplies or products kept on hand to protect against fluctuations in demand or supply.
Demand/Supply Uncertainty
The unpredictability in the quantity demanded or supplied in the market due to various factors like market trends, seasonality, or production issues.
Strategic Fit
The alignment between an organization's strategies and its internal capabilities and external environment to ensure maximum efficiency and competitive advantage.
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