Recognizing Opportunities and Threats in the External Environment Is Vital

question 70

Multiple Choice

Recognizing opportunities and threats in the external environment is vital to firm success.Complexity and rapid evolution make it critical for employees and managers to become more aware of ________ trends and events.

• A) internal
• B) outside
• C) environmental
• D) human resource

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Definitions:

Upstream Flows

In supply chain management, refers to the activities involved in the initial stages of production, including the acquisition of raw materials.

Downstream Flows

Refers to the movement of products from a production facility through the distribution network to the end user.

Optimal Transportation

The most efficient and cost-effective means of moving goods or services from one location to another, maximizing speed and minimizing expenses.

Overseas Vendors

Suppliers or manufacturers located in different countries from where the buyer is based, contributing to the global supply chain.