Within the Context of a Supply Chain, ________ Is the Ability

question 154

Multiple Choice

Within the context of a supply chain, ________ is the ability of a logistics system to satisfy users in terms of time, dependability, communication, and convenience.

• A) quick response
• B) customer service
• C) distribution management
• D) efficient consumer response
• E) lead time

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Definitions:

μ (Mean)

A symbol representing the mean or average of a set of numbers, calculating by summing all numbers and dividing by the count of numbers.

Cumulative Distribution Function

A function that gives the probability that a random variable is less than or equal to a certain value.

Random Variable

An attribute whose numerical values stem from the occurrence of a random event.

Probability

Probability is a measure of the likelihood that an event will occur, often expressed as a number between 0 and 1, where 1 indicates certainty.