___________ Is the Approach That Is Attractive for Many Firms

question 44

Multiple Choice

___________ is the approach that is attractive for many firms whose core competencies do not include elements of supply chain management.

• A) Insourcing
• B) Vertical Marketing System (VMS)
• C) Corporate VMS
• D) Contractual VMS
• E) Administered VMS

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Definitions:

Functionalist Theory

Stresses that human behavior is governed by relatively stable social structures. It underlines how social structures maintain or undermine social stability. It emphasizes that social structures are based mainly on shared values or preferences and suggests that re-establishing equilibrium can best solve most social problems.

Scientific Revolution

A period of profound change in the 16th and 17th centuries during which modern science emerged through developments in mathematics, physics, astronomy, biology, and chemistry.

Symbolic Interactionist

A theoretical perspective in sociology that focuses on how individuals interpret and assign meaning to social symbols, and how this shapes social interaction.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist who developed the theory of Marxism, focusing on class struggle and the need for a proletariat revolution.