Supply Chain Management

question 50

Multiple Choice

Supply chain management:

• A) helps to ensure delivery of goods and services to customers of the highest value but increases costs.
• B) helps to ensure delivery of goods and services to customers at the lowest costs while providing the highest value.
• C) helps to ensure delivery of goods and services to customers at the lowest cost but can comprise quality.
• D) increases inventory across the supply chain.

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various price levels at a given point in time.

Supply

The total amount of a good or service available for purchase at any given price level within a defined market.

Income

The money received, especially on a regular basis, for work, through investments, or other sources.

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A line of tablet computers designed, developed, and marketed by Apple Inc., known for their touch screen interface and wide range of applications.