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(Advanced Analysis)Answer the Question on the Basis of the Following

question 31

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following information.The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. Refer to the given information.If demand changed from P = 100 - 2Q to P = 130 - Q,the new equilibrium price is:

Grasp the importance of aligning logistics and supply chain metrics with corporate strategy for achieving service quality, efficiency, or low-cost objectives.

Understand financial metrics and calculations relevant to supply chain and logistics, such as Gross Margin, Strategic Profit Model (SPM), and Earnings Before Interest and Taxes (EBIT).

Distinguish between metric, measure, and index, and understand the concept of order cycle time (OCT) and its implications.

Appreciate the importance of involving customers and suppliers in the development of metrics.

Definitions:

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.

Exploration Stage

A phase in a process or project where various possibilities are investigated or tested in order to determine the best course of action.

Critical Task

An essential or pivotal activity that must be completed to ensure the success of a project or process.

Supervisory Relationships

The dynamic between supervisors and their subordinates, focusing on guidance, oversight, and professional development.