An Example of a Keystone Firm Within a Business Ecosystem

question 58

Multiple Choice

An example of a keystone firm within a business ecosystem is

• A)Apple and software application writers in the mobile platform ecosystem.
• B)GUESS and the fashion ecosystem.
• C)Citibank and the ATM ecosystem.
• D)American Airlines and the computerized reservation ecosystem.
• E)Nike and the athletic apparel ecosystem.

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Definitions:

Materials Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.

Pull Systems

A method of inventory control in which production is based on customer demand rather than forecasted demand, thereby reducing waste in the system.

Inventory Levels

The quantities of goods and materials kept on hand by a business to meet demand, production, and operational needs, essential for effective inventory management.

Total Logistics Costs

This term refers to the combined expenses associated with logistics activities, including transportation, warehousing, inventory management, and order processing.