Efficient Supply Chain Would Be Preferred When

question 33

Multiple Choice

Efficient supply chain would be preferred when

• A) product variety is high.
• B) competitive priority is customization.
• C) demand is unpredictable.
• D) demand is highly predictable.

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Definitions:

Technological Advance

The process of developing and implementing new technologies to improve products, services, or processes, driving economic growth and efficiency.

First-Mover Advantage

The competitive advantage gained by the initial significant occupant of a market segment, allowing for the establishment of strong brand recognition and customer loyalty before rivals enter the market.

Simultaneous Game

refers to a strategic game where all players make their decisions at the same time, without knowledge of the others' choices.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged.