When a Firm "Customizes" Their Supply Chain, It Is

question 19

Multiple Choice

When a firm "customizes" their supply chain, it is

• A) trying to improve asset utilization.
• B) tailoring the chain to be responsive to the needs of individual customer segments.
• C) responding to competitive situations.
• D) revising its supply chain in light of current economic conditions.

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Definitions:

Proprietorship

A business owned and operated by an individual, where the owner is personally responsible for the business's debts.

Limited Liability

Limited liability is a legal structure that restricts investors' or owners' personal responsibility for a company’s debts and losses to the extent of their investment.

Potential Sales

The estimated total sales revenue that a company could theoretically achieve in a market under ideal conditions.

Treasurer

An officer in an organization responsible for managing the institution's treasury, including financial planning, risk management, and investment activities.