An Efficient Supply Chain Should Be Preferred When

question 56

Multiple Choice

An efficient supply chain should be preferred when:

• A) product variety is high.
• B) competitive priority is customization.
• C) demand is highly predictable.
• D) demand is unpredictable.

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Definitions:

Equitable Compensation

A method of remuneration that aims to fairly reward employees for their contributions to the organization, often considering factors like job complexity, market rates, and internal equity.

Competitive Advantage

Competitive advantage is the attribute that allows an organization to outperform its competitors, stemming from unique resources, capabilities, or position.

Road Map

A detailed plan or strategy intended to achieve specific goals or objectives, often outlining key steps and milestones.

Effective Compensation

Compensation strategies that are fair, competitive, and aligned with the organization's goals, thereby motivating employees.