Establishing High ____ Often Locks in Customers

question 27

Multiple Choice

Establishing high ____ often locks in customers.

• A) service edges
• B) standard costs
• C) switching margins
• D) switching costs

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Definitions:

Supply-Chain Efficiencies

The optimization of activities in the supply chain to minimize costs and waste while maximizing speed and quality.

Increase In Profit

The growth in net earnings resulting from operations, often driven by increased sales, cost reduction, or improved productivity.

Bullwhip Effect

A phenomenon in supply chain management where small fluctuations in demand at the retail level cause increasingly larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.

Supply Chain

A network between a company and its suppliers to produce and distribute a specific product to the final buyer.