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:

Merchandise Inventory

Goods that a retail or wholesale company intends to sell to customers for a profit.

Sales Invoice

A document issued by a seller to a buyer, listing items or services supplied and specifying the amount due for payment.

Purchase Order

A formal document sent from a buyer to a supplier to authorize the purchase of products or services under specified terms and conditions.

Subsidiary Ledger

A detailed ledger that contains the individual accounts needed to support a specific general ledger account.