Three Steps Used in Choosing a Supply Chain Include: (1)understand

question 300

Multiple Choice

three steps used in choosing a supply chain include: (1) understand the customer; (2) understand the supply chain; and (3) __________.

• A) understand the environment
• B) harmonize the supply chain with the marketing strategy
• C) understand the marketing strategy
• D) understand the logistics
• E) understand the company's goals

---

Definitions:

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.

Bluegrass Albums

Collections or compilations of music that belong to the bluegrass genre, characterized by string instruments and roots in American folk music.

Revenues

The complete sum of funds a company acquires from selling goods or delivering services over a specific time frame.

Unit Elasticity

A scenario in which the percentage change in quantity demanded or supplied is equal to the percentage change in price, resulting in no change in total revenue.