Walmart's Supply Chain Is as Efficient and as Economic as Possible,which

question 26

Multiple Choice

Walmart's supply chain is as efficient and as economic as possible,which allows it to offer lower prices than competing retailers.With only a few exceptions,Walmart offers the same basic products in all of its stores,worldwide.What orientation does this illustrate?

• A) Market orientation
• B) Customer orientation
• C) Production orientation
• D) Segmentation
• E) Differentiation

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Deflation

A sustained decrease in the price level.

Growth

An increase in the economic capacity of a country to produce goods and services, compared from one period of time to another.