Three Overriding SCM Activities Within and Between Firms Include

question 20

Multiple Choice

Three overriding SCM activities within and between firms include:

• A) Marketing, sourcing, logistics
• B) Suppliers, customers, manufacturers
• C) Products, information, funds
• D) Coordination, information sharing, collaboration
• E) Responsiveness, reliability, relationship management

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Definitions:

Disaffirmance

The legal right of a minor to renounce a contract, thereby being freed from any contractual obligations.

Duty

A legal or moral obligation to act or refrain from acting in a certain way.

Sale of Goods

A commercial transaction involving the transfer of ownership of tangible personal property from a seller to a buyer for a price.

Disaffirm

The legal act of renouncing or repudiating a contract or agreement, particularly in cases where one party lacks the capacity to enter into the contract.