Which of the Eight Key Supply Chain Processes Refers to "Satisfying

question 108

Multiple Choice

Which of the eight key supply chain processes refers to "satisfying customer orders"?

• A) Order fulfillment
• B) Demand management
• C) Customer service management
• D) Product development and commercialization

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Definitions:

Efficiently

Attaining the highest level of efficiency by minimizing unnecessary effort or cost.

Externality

A financial consequence related to a product or service that results in advantages or expenses for individuals not involved in making decisions about the amount of production or consumption.

Economic Efficiency

The optimal allocation of resources where goods and services are produced at their lowest possible cost and where those goods and services align with consumers' preferences.

Government Intervention

Actions taken by a government to influence or directly regulate the economy, often to correct market failures and promote economic stability.