Compare the Following Statements and Select the One That Accurately

question 89

Multiple Choice

Compare the following statements and select the one that accurately describes a company that is practicing supply chain management.

• A)It does not rely on other members of the supply chain to add value to the final product.
• B)It has an outward focus regarding the activities of its own company.
• C)It recognizes the importance of sharing supply and demand information with suppliers and customers.
• D)It sets up technology to enable the sharing of demand information with suppliers.
• E)It has an inward focus on the activities and performance of other companies.

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Definitions:

Deal

An agreement or an arrangement, often in a business context, that specifies terms between parties for transactions, collaborations, or partnerships.

Entrepreneurs

Individuals who organize and operate businesses, taking on greater than normal financial risks in order to do so.

3 Fs

often refers to the informal investors in early-stage startups: friends, family, and fools, who provide initial capital.

Raise

The act of collecting or soliciting funds or resources, often for a business venture or project.