Which Is True Regarding a Responsive Supply Chain

question 68

Multiple Choice

Which is true regarding a responsive supply chain?

• A)Demand is stable and predictable.
• B)Product life cycles are short and change often because of innovation.
• C)Customers require standardization.
• D)Contribution margins are low.

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Definitions:

WTO

The World Trade Organization, an international body that regulates and facilitates international trade between nations.

International Organization

An entity operating across national borders, typically with a mission focused on policy, commerce, or humanitarian efforts on a global scale.

Trade Among Participating Countries

The exchange of goods, services, and capital between countries, often facilitated by agreements to reduce tariffs and trade barriers.

Environmental Scanning

Involves the process of collecting, analyzing, and using information about the external environment to aid in strategic planning.