Which One of the Following Is a Characteristic of an Efficient

question 27

Multiple Choice

Which one of the following is a characteristic of an efficient and effective supply chain management?

• A) Decrease threat of new entrant to market place
• B) Decrease its own power as supplier
• C) Increase threat of substitute products and services
• D) Decrease buyer power

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Definitions:

Insurance Law

The body of law surrounding insurance, including insurance policies and claims. It involves the regulation of the business of insurance and the regulation of claim handling.

Insurance Types

Various categories of insurance policies, including life, health, property, and auto, designed to protect against specific risks and financial losses.

Misrepresentation

The act of providing false or misleading information with the intention to deceive in a contractual agreement.

Indemnify

To compensate for loss or damage, or to guarantee protection against future losses.