Which of the Following Is an Organizational Result from an Effective

question 53

Multiple Choice

Which of the following is an organizational result from an effective and efficient supply chain management system?

• A) Decrease the power of its buyers
• B) Create entry barriers thereby reducing the threat of new entrants
• C) Increase efficiencies while seeking a competitive advantage through cost leadership
• D) All of these

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Definitions:

Monopolistic Competitor

A firm in a market structure where many companies sell products or services that are similar but not identical, allowing for significant differentiation and competition.

Barriers to Entry

Factors that prevent or hinder potential competitors from entering a market or industry sector.

Close Substitutes

Products or services that can serve almost the same purpose or fulfill the same need, allowing consumers to switch easily between them.

Market Power

The ability of a company or entity to influence the price and control the market for its product or service.