In Regards to Supply Chain Management and the Location Decision

question 61

Multiple Choice

In regards to supply chain management and the location decision, a primary challenge is to address _______________ distribution.

• A) insourced vs. outsourced
• B) strategic vs. tactical
• C) local vs. global
• D) centralized vs. decentralized
• E) anticipatory vs. reactive

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Definitions:

Production Possibilities Curve

A graph that shows the different quantities of two goods that an economy can produce with fixed resources and technology.

Human Economic Wants

Desires that require resources to satisfy, emphasizing the economic aspect of needs and desires.

After-Tax Income

The amount of net income left after all taxes have been deducted.

Consumption

The use of goods and services by households or individuals for personal or collective needs and satisfaction.