Businesses Today Link Their Customers and Suppliers Through a Single

question 2

Multiple Choice

Businesses today link their customers and suppliers through a single network that optimizes cost and opportunities for all. This is possible because of all of the following reasons EXCEPT:

• A) Standardized communication networks (like the Internet)
• B) The availability of SCM enterprise systems
• C) The inability to coordinate workflow across organizational boundaries
• D) The globalization of business
• E) The ubiquity of IT

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Definitions:

Supply

The total amount of a good or service available for purchase at any given price.

Inelastic Demand

A situation where the quantity demanded of a good or service changes little when its price changes.

Elastic Demand

A condition where the quantity demanded of a product changes significantly in response to changes in its price.

Expenditures Decline

A situation where the amount of money spent by individuals or entities decreases over a period of time.