Hosting Services Are Now Available for Supply Chain Management (SCM)systems

question 34

Multiple Choice

Hosting services are now available for supply chain management (SCM) systems. This trend is called _____ as a service.

• A)platform
• B)infrastructure
• C)software
• D)network

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Definitions:

More Elastic

Refers to a situation where the demand for a product is more responsive to changes in price or other factors.

Superior Quality

A designation for products or services that exceed standard quality benchmarks, often leading to higher customer satisfaction.

Less Elastic

Refers to a situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.

Less Elastic

Describes demand that is relatively insensitive to price changes, indicating consumers do not reduce purchase quantities significantly when prices increase.