Which Statement Regarding Efficient Supply Chains Is Most Accurate

question 207

Multiple Choice

Which statement regarding efficient supply chains is most accurate?

• A) Efficient supply chains traditionally use inexpensive but slower modes of transportation.
• B) Efficient supply chains use common platforms and common components across several products.
• C) Efficient supply chains rely on maintaining large geographically dispersed inventory warehouses.
• D) Efficient supply chains traditionally use expensive, but faster, modes of transportation.
• E) Efficient supply chains emphasize economies of scale by increasing the variety of system configurations offered.

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Definitions:

Demand

The consumer's desire and willingness to pay a price for a specific good or service.

Cash Sales

Transactions in which goods or services are paid for and received at the time of the transaction with cash or other immediate payment methods.

Cash Cycle

The period between the purchase of inventory and the collection of receivables from customers, indicating liquidity.

Discount

A reduction from the usual cost of something.