With Respect to Supply Chains and Their Management, It Is

question 142

Short Answer

With respect to supply chains and their management, it is correct to say that
supply chains are very important in the movement of physical goods, but not for the provision of services.
there are increasing concerns about using suppliers from developing countries.
re-engineering can generally not be used as a strategy to improve supply chains.
the globalization of business has reduced the risk of supply chain disruptions.
many global companies have centralized their supply chain management over the past five years.

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Definitions:

Externalities

Effects of a transaction or activity on third parties who are not directly involved, which can be either beneficial (positive externalities) or harmful (negative externalities).

Property Rights

Legal rights defining the ownership and use of resources including land, intellectual property, and personal assets.

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

National Defense

The governmental provision of military forces and facilities intended to secure the nation against all potential enemies.