All of the Following Are Common Tools Used in Industry

question 164

Multiple Choice

All of the following are common tools used in industry to analyze and develop competitive advantages, except ________.

• A) Five Forces Model
• B) Three Generic Strategies
• C) Competitive analysis model
• D) Value chain analysis

Appreciate the complexities of environmental sustainability in supply chain management.

Identify the benefits and challenges of both single and multiple sourcing strategies.

Understand the criteria involved in supplier selection and evaluation.

Acknowledge the significance of certifications and formal codes in enhancing social and environmental sustainability.

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Definitions:

Woodward's Classification

A framework for classifying industrial organizations based on the complexity of the technology used in the production process.

Information Technology (IT)

The use of computers, networking, storage, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Capability

The ability or power to do something effectively or to achieve a particular outcome.

Adhocracy

An organizational model characterized by flexibility, employee empowerment, and an emphasis on innovation, often in contrast to bureaucratic structures.