Successful Supply Chain Integration Occurs When Supply Chain Participants Realize

question 2

True/False

Successful supply chain integration occurs when supply chain participants realize that the needs and desires of the end item manufacturer dictate the objectives and policies of all the other supply chain participants.

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Definitions:

Misrepresentation

False or misleading statements that induce someone to enter into a contract, potentially rendering the contract voidable.

Liable

Refers to being legally responsible for something, typically requiring compensation or remedy for damages caused.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into the contract.

Ratification

The adoption of a contract or act of another by a party who was not originally bound by the contract or act.