What Does the Circuit Symbol in the Figure Mean? ​

question 21

Multiple Choice

What does the circuit symbol in the figure mean? ​ ​

• A) Battery
• B) AND-gate
• C) OR-gate
• D) NOT-gate
• E) Switch

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Definitions:

Quantity Flexibility

An adjustment mechanism within supply chain management allowing for changes in order quantities to meet actual demand.

Market Intelligence

The process of gathering, analyzing, and interpreting information about a market, including information about competitors, customers, and other market dynamics.

Intermediary

A third-party agent or entity that acts as a mediator or facilitator between two parties in a transaction, often involved in the distribution chain.

Supply Chain Surplus

The difference between the value a product provides to the customer and the cost of the supply chain in fulfilling that demand.