Which of the Following Determines the Nature of Procurement of Raw

question 57

Multiple Choice

Which of the following determines the nature of procurement of raw materials,transportation of materials to and from the company,manufacture of the product or operation to provide the service,and distribution of the product to the customer along with follow-up service?

• A)Competitive strategy
• B)Product development strategy
• C)Marketing and sales strategy
• D)Supply chain strategy

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Definitions:

Weighted Average

An average resulting from the multiplication of each component by a factor reflecting its importance.

Z-score

A numerical metric indicating how a particular value compares to the average of a dataset, expressed by the number of standard deviations it lies from the mean.

P-value

The likelihood of encountering experimental results that are at least as significant as the actually observed results, given the null hypothesis is assumed to be accurate.

Pooled Variance

A method used in statistics to combine variances from two or more groups to estimate a common variance when they are assumed to be equal.