The Key to Maintaining a Competitive Advantage Through Supply Chain

question 8

Multiple Choice

The key to maintaining a competitive advantage through supply chain strategies is to:

• A)the ability to adapt to changes.
• B)the ability to maintain low cost relationships with partners.
• C)the ability to continuously develop successful new products.
• D)continue purchasing the most advanced supply chain software and technologies.

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Definitions:

Situational

Relating to a specific set of circumstances or context, often used to describe reactions or adaptations to particular events or environments.

Sociocultural

Pertaining to the combined influence of social and cultural factors on individual or community behavior and norms.

Conventional

Based on or in accordance with what is generally done or believed.

Compassion Fatigue

A condition characterized by emotional and physical exhaustion leading to a diminished ability to empathize or feel compassion for others, often experienced by those in the caregiving professions.