Which of the Following Illustrates a Practice That Can Dramatically

question 118

Multiple Choice

Which of the following illustrates a practice that can dramatically reduce supply chain costs?

• A)a supplier company depending on the sales of a market leader to supply products accordingly
• B)a company replacing its supplier with another larger and more competitive supplier
• C)a company supplying products directly to customers by omitting all middlemen
• D)a company closely monitoring and tracking each and every inventory in its supply chain

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Definitions:

ITQs

Individual Transferable Quotas; regulatory tools used in fisheries management to control the total amount of fish that can be caught by allocating specific allowances to fishermen or companies.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, known for its red flesh and high commercial value.

Market Price

The present cost at which a service or asset is available for purchase or sale on the market.

Environmental Quality

The condition or state of the environment based on various factors such as air and water purity, and the presence of pollutants or contaminants.