The Following Supply Chain Concept Was Introduced in the 1990's

question 75

Multiple Choice

The following supply chain concept was introduced in the 1990's in an attempt to reduce waste and increase performance:

• A)​Business Process Reengineering
• B)​Offshoring
• C)​Vertical Integration
• D)​Material Requirement Planning

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Definitions:

Saving Function

Is an economic concept describing the relationship between saving and income, indicating how changes in income levels affect the amount of money individuals save.

Consumption Function

A macroeconomic expression that defines the relationship between total consumer expenditures and gross national income, indicating how income affects spending patterns.

Interest Rate

The cost of borrowing money, expressed as a percentage of the amount borrowed, charged by lenders to borrowers for the use of assets.

Stock Prices

Stock prices represent the current market value of a company's shares, reflecting investor perceptions of its future financial prospects.