Which of the Following Statements Regarding Supply Chains Is Most

question 77

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)For an effective supply chain, 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:

Marginal Product

The increase in output that results from employing one more unit of a particular input, holding all other inputs constant.

Average Total Cost

The total cost of production divided by the quantity of output produced. It includes both fixed and variable costs.

Marginal Product

Marginal Product is the additional output that results from using one more unit of a particular input, holding other inputs constant.

Average Product

The output per unit of input, typically calculated by dividing total output by the quantity of a specific input used.