There Are ________ High-Priority Areas in Which It Is Important

question 3

Multiple Choice

There are ________ high-priority areas in which it is important to develop effective logistics and supply chain strategies

• A) four
• B) five
• C) six
• D) seven

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Definitions:

Risk Mitigation Strategies

Methods or plans implemented to reduce the likelihood or impact of potential threats to a business or project.

Flexibility

The ability of a supply chain to adjust its operations and adapt to changes, including demand variability, supply disruptions, and market conditions.

Supply Chain Managers

Are professionals responsible for overseeing and managing every stage of the production flow, from the acquisition of raw materials to the delivery of the final product.

Offshoring

The practice of relocating business operations from the home country to another country, often to take advantage of lower labor costs.