A Difference Between Efficient Supply Chains and Responsive Supply Chains

question 18

Multiple Choice

A difference between efficient supply chains and responsive supply chains is that responsive supply chains _____.

• A) focus on flexibility and responsive service
• B) focus on maximizing efficiencies in process flow
• C) seek to balance capacity and demand, resulting in low levels of inventory
• D) seek to minimize cost of routing products from factory to customers

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Definitions:

Sales

The activity or business of selling products or services.

Expenses

Outflows of money or other valuable assets, incurred as a result of operating activities or in the pursuit of generating revenues.

Debts Incurred

Obligations or liabilities taken on during the course of financial transactions, often as a result of borrowing money or purchasing goods and services.

Owner's Equity

The residual interest in the assets of the business after deducting liabilities, representing the ownership's financial stake.