Which of the Following Illustrates a Practice That Can Dramatically

question 118

Multiple Choice

Which of the following illustrates a practice that can dramatically reduce supply chain costs?

• A)a supplier company depending on the sales of a market leader to supply products accordingly
• B)a company replacing its supplier with another larger and more competitive supplier
• C)a company supplying products directly to customers by omitting all middlemen
• D)a company closely monitoring and tracking each and every inventory in its supply chain

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Definitions:

Nonparametric Method

Statistical methods that do not assume a specific distribution for the data, making them flexible in analyzing data without certain underlying assumptions.

Independent Samples

Two or more groups of data that do not influence each other and are randomly selected from a population.

Median Response Time

The middle value of response times arranged in order, such that half the responses are faster and half are slower.

Nonparametric Procedure

Statistical methods that do not assume a specific distribution for the data, often used when data doesn't fit normal distribution assumptions.