To Integrate Activities Across the Supply Chain,supply Chain Management Often

question 23

Multiple Choice

To integrate activities across the supply chain,supply chain management often:

• A)requires that firms in the supply chain share sensitive and proprietary information about customers and corporate plans.
• B)creates excess inventory in the pipeline leading to the customer.
• C)involves higher transportation and handling costs.
• D)all of the above.
• E)(b)and (c)only

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Definitions:

Scarce Resources

Scarce resources are materials, goods, or services that are limited in availability relative to the desires or demands of human beings.

Goods and Services

The output produced by a society, including tangible products (goods) and intangible items (services) that fulfill human wants or needs.

Capital

Economic resource that is used to produce goods and services, including buildings, machinery, and equipment.

Financial Assets

Resources having economic value that are held by an individual or corporation, primarily including stocks, bonds, and cash equivalents.