Which One of the Following Is a Characteristic of an Efficient

question 46

Multiple Choice

Which one of the following is a characteristic of an efficient and effective supply chain management?

• A) Decrease threat of new entrant to market place
• B) Increase its own power as supplier
• C) Decrease threat of substitute products and services
• D) All of the above

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Definitions:

Social Pressure

A form of influence exerted by a social group or society encouraging conformity to its norms and values.

Domination

The exercise of control or authority over others, often in a manner that limits freedom and self-determination.

Groupthink

Groupthink is a psychological phenomenon that occurs within a cohesive group, causing members to seek consensus and conformity, possibly at the expense of critical thinking and individual opinions.

Unconventional Thinking

A way of thinking that challenges traditional perspectives, norms, and methods.