Some of the Serious Business Consequences That Occur Due to Using

question 229

Multiple Choice

Some of the serious business consequences that occur due to using low-quality information to make decisions are all of the following except:

• A) Inability to accurately track customers
• B) Inability to identify selling opportunities
• C) The success of the organization depends on appreciating and leveraging the low-quality information
• D) Lost revenue opportunities from marketing to nonexistent customers

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Definitions:

Cross-docking Facilities

Warehouse operations where goods are quickly transferred from incoming to outgoing trucks, minimizing storage time.

Third-party Logistics

External companies that provide logistics services to other organizations, handling aspects such as transportation, warehousing, and distribution.

Network Design Model

A strategic approach to determining the most efficient configuration of a supply chain network, including location of facilities, and distribution routes.

Variable

A quantity or element that can change or be changed within a mathematical formula, experiment, or model.