Service Organizations Can Also Benefit from Supply Chain Management

question 117

True/False

Service organizations can also benefit from supply chain management.

---

Definitions:

Competitive Intelligence

The gathering and analysis of information about competitors, market trends, and other external factors affecting a business's competitive position.

Globalization and Localization

The balance between adapting business practices to local cultures and markets (localization) while leveraging global trends and economies of scale (globalization).

Scenario-Based Analysis

A method of planning that uses hypothetical situations to anticipate potential challenges and devise strategic responses.

Competitive Intelligence

The gathering and analysis of information about competitors, market conditions, and other external factors that influence competitive advantage.