TransNational Shipping Is Preparing to Invest More Than $1 Million

question 16

Multiple Choice

TransNational Shipping is preparing to invest more than $1 million in a new system that applies machine learning, AI, and analytics to create and automate rules for shipping, sourcing, and logistics. This is an example of which type of technology expected to emerge in the future?

• A) Digital supply chain twin
• B) Intelligent order management
• C) Quantum computing
• D) AI cloud computing

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Definitions:

Supply Problems

Challenges related to the provision or availability of goods and services, which can stem from production issues, distribution disruptions, or resource scarcity.

Economic Profits

The variance between total income and total outlays of a business, taking into account both clearly stated and implied expenses.

Competitive Price-Searcher

A type of market structure where firms set their prices based on the competition and search for the best price to maximize their profits.

Long-Run Economic Profits

Profits that persist over time after all costs, including opportunity costs, are taken into account, indicating a competitive advantage.