What Is the First Step in Choosing the Right Supply

question 139

Multiple Choice

What is the first step in choosing the right supply chain?

• A) Understand the supply chain.
• B) Develop a list of qualified channel members.
• C) Enumerate logistics specifications.
• D) Compare multiple-channel alternatives.
• E) Understand the customer.

---

Definitions:

Aggregate Demand

Whole demand for goods and services across an economic landscape, appraised at a given overall price point throughout a defined timeframe.

Household Saving

The portion of a household's disposable income that is not spent on current consumption but is set aside for future use.

Consumption

The use of goods and services by households, constituting one of the primary components of GDP and an important indicator of economic health.

Aggregate Demand

The overall need for goods and services within an economic system at multiple pricing levels, over a certain duration.