Which Statement Regarding Supply Chains Is Most Accurate

question 300

Multiple Choice

Which statement regarding supply chains is most accurate?

• A) The most common form of supply chain is the collaborative-response efficiency strategy.
• B) In order for a supply chain to work effectively, key decisions should be made by a third-party logistics provider.
• C) There is no one best supply chain for every company.
• D) The longer the supply chain, the greater the economies of scale and the better the profit margins.
• E) Supply chains should consider the needs of suppliers, provided those needs are consistent with marketing strategies.

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Definitions:

Appropriate Terms

Relevant and suitable terms or phrases used in a particular context, especially in legal or formal documents.

Letter Code

A Letter Code is a system of symbols or characters used to represent specific information, often used for confidentiality, identification, or simplification purposes.

Insurance Policy

A contract between an individual or entity and an insurance company to provide financial protection or reimbursement against losses.

Journal Entries

Records of financial transactions in the accounting system that are used to transfer amounts from one account to another, reflecting the financial effects of business transactions.