Firms Achieve ________ Through Efficient Procedures and Excellent Supply Chain

question 87

Multiple Choice

Firms achieve ________ through efficient procedures and excellent supply chain management.

• A)customer excellence
• B)locational excellence
• C)customer loyalty
• D)value-based pricing
• E)operational excellence

---

Definitions:

Scatter Diagram

A graphical representation of the relationship between two variables, using dots to show each observation in the dataset.

Interval Variables

Variables that have measurable distances between the values they can take, but do not have a true zero point.

Correlation Implies Causation

A logical fallacy that suggests if two variables are correlated, one variable must cause the other.

Kiliani-Fischer Synthesis

A chemical reaction used to synthesize monosaccharides by lengthening the carbon chain of an aldose.