Which of These Statements About Recent Trends in Operations and Supply

question 11

Multiple Choice

Which of these statements about recent trends in operations and supply chain management is best?

• A) A lower level of competition exists thanks to an increased level of globalization.
• B) The rate of change in markets is actually lower once inflation is factored in.
• C) Managers tend to make decisions with less information than they used to.
• D) Customers demand for standardization in goods and services has increased.

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Definitions:

Blizzard

A severe snowstorm with high winds and low visibility.

Differentiating

The process of making a product or service stand out from its competitors in the market by highlighting its unique features or benefits.

Issues Management

The systematic process by which an organization identifies, assesses, and responds to issues that could potentially impact its reputation or operational success.

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and those of others, enhancing interpersonal communication and relationships.