As Highlighted in the IB in Practice Box on Zara,global

question 29

Short Answer

As highlighted in the IB in Practice box on Zara,global supply chain management has been receiving increasing attention because many companies have achieved significant international competitive ______ as a result of the manner in which they have configured and managed their global supply chain activities.

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Definitions:

Rescind

means to revoke, cancel, or repeal a contract, decision, or agreement.

Future Transactions

Predicted or planned financial dealings that will take place at a later date.

Annul

To legally declare invalid or void, commonly used in contexts such as marriage annulment, which renders the marriage as if it never existed.

Confidential Relationship

A relationship where one party places trust and confidence in another with the expectation that the latter will act in their best interest, typically involving nondisclosure of certain information.