It Is Desirable for a Firm in a Responsive Supply

question 15

Multiple Choice

It is desirable for a firm in a responsive supply chain to have:

• A) low-capacity cushions.
• B) delivery by railroad.
• C) high-capacity utilization consistent with high-volume delivery.
• D) inventory investments as needed to enable fast delivery times.

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Definitions:

Insight

The capacity to gain an accurate and deep understanding of a problem or situation suddenly, often leading to a solution.

Reinforcement

A concept in behaviorism that involves increasing the likelihood of a behavior's occurrence through the administration of rewards or punishments.

Operant Conditioning

Operant conditioning is a learning process through which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

Pavlovian Conditioning, an associative learning process through which an animal or human learns to link two stimuli, with one stimulus coming to evoke a response originally evoked by the other.