When All the Different Stages of a Supply Chain Work

question 61

Multiple Choice

When all the different stages of a supply chain work toward the objective of maximizing total supply chain profitability,rather than each stage devoting itself to its own profitability without considering total supply chain profit,it is known as

• A) supply chain coordination.
• B) forecasting.
• C) aggregate planning.
• D) revenue management.
• E) pricing.

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Definitions:

Omni-Channel Retail

A retail strategy that provides customers with a seamless shopping experience across various channels and devices.

Tangible Goods

Physical items that can be seen, touched, and possessed, distinct from services or digital products, and central to traditional economic exchange.

Response Time

The duration between when a customer request is made and when it is fulfilled, which is critical for customer satisfaction.

Vanquished Competitor

A competitor that has been thoroughly defeated or overcome, often no longer able to compete in the market.