Efficient Supply Chains

question 75

Multiple Choice

Efficient supply chains

• A)respond quickly to demand.
• B)have higher margins because price is not a prime customer driver.
• C)maintain buffer inventory to deal with demand/supply uncertainty.
• D)maximize performance at a minimum cost.

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Definitions:

Litigation Right

The legal ability to initiate a lawsuit or engage in court proceedings as a method of resolving disputes.

Self-Dealing

A situation where an individual in a fiduciary position acts to further their own interests rather than those of the individuals or entity they represent.

Corporate Profit

The financial gain retained by a corporation after deducting expenses from its income.

Objectionable Activities

Activities that are considered unacceptable or offensive by societal standards, often leading to legal, ethical, or regulatory scrutiny.