Which Supply Chain Strategy Focuses Primarily on the Ability of the Firm

question 109

Multiple Choice

Which supply chain strategy focuses primarily on the ability of the firm to fulfill customer demand,even if this means somewhat higher costs?

• A) Lean supply chain management
• B) Reactive supply chain management
• C) Agile supply chain management
• D) Proactive supply chain management
• E) Leagile supply chain management

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Definitions:

Contract Rate

The agreed-upon interest rate specified in a contract, such as a loan or bond, which determines the periodic interest payments.

Premium

An amount paid in excess of the nominal or face value, often in relation to insurance policies, bonds, or shares.

Effective Interest Rate

The actual return on an investment, taking into account the effect of compounding interest as opposed to the nominal rate.

Contract Interest Rate

The interest rate specified in a loan agreement or contract, typically fixed for the life of the loan.