The Cycle View of the Supply Chain Is Useful When

question 21

Multiple Choice

The cycle view of the supply chain is useful when considering operational decisions because

• A)it categorizes processes based on whether they are initiated in response to or in anticipation of customer orders.
• B)it specifies the roles and responsibilities of each member of the supply chain.
• C)processes are identified as either reactive or speculative.
• D)it focuses on processes that are external to the firm.

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Definitions:

Social Regulation

Regulations aimed at improving social welfare by addressing issues like environmental protection, worker safety, and fair trade practices.

Anticompetitive

Actions or policies that prevent or reduce competition in a market, often deemed illegal or unethical.

Innovation

A process of implementing new ideas, creating dynamic products, or improving existing services.

Deregulation

The process of removing or reducing state regulations, typically in the economic sphere, to encourage more efficient and competitive markets.