These Are Supply Chains That Try to Share the Chances

question 63

Multiple Choice

These are supply chains that try to share the chances of a supply chain disruption.

• A) Efficient supply chains
• B) Risk-hedging supply chains
• C) Responsive supply chains
• D) Agile supply chains
• E) Vendor-managed supply chains

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Definitions:

Quantities

The amounts or numbers of a material or item available or required.

Various Prices

Describes a market scenario where identical or similar goods or services are sold at different price points.

Demand Schedule

A table or graph showing the quantity of a good that consumers are willing to purchase at each possible price.

Determinants of Demand

Factors such as price, income, preferences, and tastes that affect the buyers' willingness and ability to purchase goods and services.