The Real Beneficiary from an Efficiently Run Supply Chain Is

question 15

True/False

The real beneficiary from an efficiently run supply chain is the customer.

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Definitions:

Probability Distribution

A mathematical tool that catalogues all possible values a random variable could assume and their likelihoods within a specified range.

Stock of the Economy

The stock of the economy typically refers to the total value of assets, both financial and physical, possessed within an economy at a given time.

Expected Variance

A statistical measure that represents the dispersion of possible returns of an investment, used in portfolio theory to gauge risk.

Probability Distribution

A quantitative function that assesses and represents every imaginable value and probability for a random variable within a certain limit.