The First Step in Achieving Strategic Fit Between Competitive and Supply

question 58

Multiple Choice

The first step in achieving strategic fit between competitive and supply chain strategies is to

• A)understand the supply chain and map it on the responsiveness spectrum.
• B)understand customers and supply chain uncertainty.
• C)match supply chain responsiveness with the implied uncertainty of demand.
• D)ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness.

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Definitions:

Office Supplies

Items used in offices on a regular basis for the purpose of carrying out tasks; includes items like pens, paper, and staplers.

Unearned Revenue

Money received by a company for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet.

Trial Balance

A statement that lists all the balances of the ledger accounts, used to verify that the total of debit balances equals the total of credit balances.

General Journal

An accounting book where all transactions are initially recorded, based on the double-entry bookkeeping system, before being transferred to specific accounts.