Flexibility Is a Supply Chain Strategy That Is Often Avoided

question 45

True/False

Flexibility is a supply chain strategy that is often avoided since it requires increases in capital and people.

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Definitions:

Insurers

Companies that provide insurance, which is a contract (policy) in which an individual or entity receives financial protection or reimbursement against losses.

Investing Activities

These activities generate cash inflows and outflows related to acquiring or disposing of noncurrent assets such as property, plant, and equipment, long-term investments, and loans to another entity.

Cash Outflow

Cash outflow refers to the movement of money out of a business, mainly through expenses, purchases, or investments, over a period.

Buying Property

The process of acquiring ownership of land or buildings, typically for residential, commercial, or investment purposes.