With a Temporary Positive Change in Technology We Would Expect

question 37

Multiple Choice

With a temporary positive change in technology we would expect real current consumption:

• A)to increase a lot.
• B)to decrease a lot.
• C)to remain unchanged.
• D)to either increase or decrease a little.

Recognize the evolution of supply management from a transactional to a strategic function.

Understand the impact of supply management actions on the organization's financial performance and competitive positioning.

Grasp the importance of supply in both manufacturing and service organizations.

Know the principles of supply chain management and its role in managing information, materials, and services.

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Definitions:

Marginal Benefit

The surplus benefit or joy experienced upon consuming an additional unit of a good or service.

Expected Profit

The anticipated return on an investment or business venture after considering all relevant costs and revenues.

Optimal R&D

The most efficient level of investment in research and development activities that maximizes the benefits from new knowledge and products.

Expected Rate Of Return

The estimated gain or loss of an investment over a given period, expressed as a percentage.