Which of the Following Is FALSE

question 39

Multiple Choice

Which of the following is FALSE?

• A) The use of 3PL's has been increasing as companies seek more effective supply chain strategies.
• B) VMI provides retail facilities the opportunity to communicate to manufacturers that the customers are requesting customized items
• C) The use of 3PL providers allows companies to gain competitive advantages without having to gain the required knowledge through firsthand experience.
• D) VMI allows suppliers to manage their customers' inventory provided they have the capability to see inventory levels in real time

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Definitions:

Technological Advance

Innovations and improvements in technology that increase production efficiency or introduce new goods and services.

Equilibrium Price

The market price where the quantity of goods supplied is equal to the quantity of goods demanded, leading to market stability.

MP3 Players

Portable digital devices designed to play music files in MP3 format, allowing users to listen to music on the go.

Quantity Supplied

The quantity of a product or service that sellers are ready and able to offer for sale at a specific price during a certain time frame.