Which Supply Chain Management Strategy Is Most Appropriate When There

question 56

Multiple Choice

Which supply chain management strategy is most appropriate when there exists a long lead time and unpredictable demand for a product?

• 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:

Cartel

An agreement among several producers to obey output restrictions in order to increase their joint profits.

Marginal Cost

The cost incurred from producing one additional unit of a product or service.

Output

The amount of goods or services produced by a business, industry, or economy.

Oligopolistic

Pertaining to an oligopoly, describing a market dominated by a small number of firms, leading to strategic behaviors among them.