According to the Text,increased Emphasis on the Achievement of Effective

question 20

Multiple Choice

According to the text,increased emphasis on the achievement of effective supply chain performance has resulted from:

• A)shorter,more predictable product life cycles.
• B)the impact of unplanned political and social events.
• C)Web-enabled tools for planning,executing and optimizing supply chains.
• D)longer,more unpredictable product life cycles.
• E)the impact of unplanned political and social events and Web-enabled tools for planning,executing and optimizing supply chains.

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Definitions:

Income Level

A measure of the amount of money earnings or revenue a person or entity receives within a specific time period.

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a specific quantity of goods or services.

Income Distribution

How a nation’s total GDP is distributed amongst its population, influencing economic inequality.

Marginal Utility

The added satisfaction a consumer gains from consuming one more unit of a good or service.