A Large Automotive After-Market Business Wanted to Improve Its Current

question 60

Multiple Choice

A large automotive after-market business wanted to improve its current situation, which is characterized by excessive inventory, incomplete information, high logistics costs, slow reactions to environmental change, and lost profits at the retail level. Would supply chain management be of any help to the business?

• A)Yes, supply chain management is designed to coordinate and integrate all the activities from raw materials to product consumption.
• B)No, supply chain management is applicable to only distribution strategies for products being sold to the consumer market.
• C)Yes, supply chain management would be very useful because it relies so heavily on benchmarking.
• D)No, supply chain management requires an expensive investment of time and resources to make it worthwhile.

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Definitions:

Mating Rituals

Behaviors or practices undertaken by individuals in some species as part of the courtship process leading to reproduction.

Viability

The ability to work successfully or live and grow under certain conditions.

Stimulus-Response Connections

The association between a specific stimulus and a particular response, fundamental to classical and operant conditioning theories.

Information Processing

The method by which individuals intake, analyze, store, and retrieve information, drawing parallels to computer processing.