Which of the Following Is an Important Competitive Advantage That

question 151

Multiple Choice

Which of the following is an important competitive advantage that results from effective supply-chain management?

• A) variable costs
• B) lower level of costly innovation
• C) autonomy and independence among the chain's members
• D) improved conflict resolution within the chain

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Definitions:

Government Protection

Measures undertaken by governments to safeguard industries, workers, consumers, or the environment from harm or unfair practices.

Technological Advance

The development and application of new technologies and processes that improve efficiency, productivity, or bring new products to the market.

Product Demand

The desire or need for a specific product or service combined with the capacity to purchase it.

Revenues

The income received by a business from its various activities, typically from the sale of goods and services to customers.