The Operations Element of a Supply Chain Management System Involves

question 70

Multiple Choice

The operations element of a supply chain management system involves:

• A) purchase of components, supplier selection, and strategic alliances.
• B) coordination, measurement, and control across the entire supply chain.
• C) transportation, CRM, and logistics parties.
• D) sales promotion, events, PR, and publicity.
• E) lean, inventory control, and product quality.

Define and differentiate between key economic concepts such as trusts, monopolies, oligopolies, and cartels.

Recognize the strategies used by firms to establish and maintain market dominance, including merges, product differentiation, and price leadership.

Comprehend the concept of tacit collusion and its effects on market competition and pricing.

Analyze the impact of product differentiation on market competition and consumer choice.

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Definitions:

Leadership Competency Approach

A method in leadership development focusing on identifying and cultivating a set of specific skills, behaviors, and attitudes that contribute to effective leadership.

Senior Executives

Top-level managers or leaders of an organization, responsible for strategic decision-making and overall company direction.

Task-oriented Leadership

A leadership style that focuses primarily on the tasks that need to be performed in order to achieve certain goals or standards.

People-oriented Leadership

A leadership style focused on supporting, motivating, and developing team members, emphasizing interpersonal relationships and employee well-being.