Which of the Following Is an Organisational Result from an Effective

question 23

Multiple Choice

Which of the following is an organisational result from an effective and efficient supply chain management system?

• A)Decrease the power of its buyers
• B)Create entry barriers thereby reducing the threat of new entrants
• C)Increase efficiencies while seeking a competitive advantage through cost leadership
• D) All of the answers are correct

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Definitions:

Crystal Ball

In forecasting and predictive analysis, a tool or method that allows for the estimation of future conditions or occurrences.

Tornado Charts

A graphical method used in sensitivity analysis to show the effect of varying different parameters on a particular outcome.

Monte Carlo Simulation

A computational algorithm that relies on repeated random sampling to obtain numerical results, often used in physical and mathematical problem-solving.

Correlation Coefficients

Statistical measures that quantify the strength and direction of the linear relationship between two variables, ranging from -1 (perfect negative correlation) to 1 (perfect positive correlation).