Which of the Following Statements Is True of a Responsive

question 28

Multiple Choice

Which of the following statements is true of a responsive supply chain

• A) It works best when demand is stable and predictable.
• B) It works best when product life cycles are short and change often because of innovation.
• C) It works best when customers require standardization rather than customization.
• D) It works best when contribution margins are low.

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Definitions:

Production Period

The time frame during which goods are manufactured or services are rendered, from the beginning of production to its completion.

Beginning Finished Goods Inventory

The value of a company’s finished goods inventory at the start of an accounting period before any sales or production.

Finished Goods Inventory

Inventory that has completed the manufacturing process but has not yet been sold to customers.

Cost of Goods Sold

Costs incurred directly from the production of goods a company offers for sale, covering material and labor expenses.