The Objective of Supply Chain Management Is to Have Every

question 88

True/False

The objective of supply chain management is to have every member of the chain compete against each other to enhance competitive abilities.

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Definitions:

Enforcing Private Agreements

The legal process through which private contracts or understandings between parties are made obligatory and are upheld by law.

Declaration

A formal or explicit statement or announcement.

Consideration

Generally, the value given in return for a promise or a performance. The consideration, which must be present to make the contract legally binding, must be something of legally sufficient value and must be bargained for.

Objective Theory

A principle that states the intention of parties in a contract is determined by their outward expressions and acts, rather than by their subjective intentions.