Which of the Following Statements Regarding Supply Chains Is Most

question 60

Multiple Choice

Which of the following statements regarding supply chains is most accurate?

• A)The best supply chain is the one that is consistent with the needs of the customer segment being served and complements a company's marketing strategy.
• B)The most common form of supply chain is the collaborative-response efficiency strategy.
• C)In order for a supply chain to work effectively,key decisions should be made by a third-party logistics provider.
• D)The longer the supply chain,the greater the economies of scale and the better the profit margin.
• E)Supply chains should consider the needs of suppliers,provided those needs are consistent with marketing strategies.

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Definitions:

Perpetual Inventory System

An inventory management approach that keeps continuous, real-time records of goods purchased and sold, reflecting current inventory levels at all times.

Merchandise Inventory

Goods that a company holds for the purpose of selling them to customers, representing one of the key assets on the balance sheet.

Accounts Payable

The liabilities a company has to its vendors or lending parties for products and services it has received but for which payment has not been made.

Net Method

A way of recording purchases or sales of goods that directly factors in any discounts or allowances at the time of the transaction.