Today,SCM Systems Focus on Extending Beyond an Organisation's Four Walls

question 32

Multiple Choice

Today,SCM systems focus on extending beyond an organisation's four walls to influence:

• A)Suppliers
• B)Distributors
• C)Business systems
• D)All of the answers are correct

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Definitions:

Inseparability

A characteristic of services indicating that they are produced and consumed simultaneously, making the quality of the service dependent on the provider-customer interaction.

Radio Frequency Identification (RFID)

A technology used to automatically identify and track tags attached to objects, using electromagnetic fields.

Toll Booth

A checkpoint along a toll road, bridge, or tunnel where drivers pay a fee to use the roadway.

Pricing Strategy

An approach a business takes to set its products' or services' prices, considering factors like market demand, competition, cost, and desired profit margins.