A Supply Chain

question 165

Multiple Choice

A supply chain:

• A) is part of a broader network of relationships called a channel of distribution.
• B) is most effective when the objectives of the manufacturer at the beginning of the chain guide the activities of all other firms in the chain.
• C) requires skill in coordinating activities among different firms, and this has prompted many firms to seek help from outside experts.
• D) focuses on procuring materials needed for production, so its main weakness is that it ignores customer needs.
• E) concerns only direct relationships between producers, but a channel of distribution may involve intermediaries.

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Definitions:

Awards

Recognitions or prizes given for accomplishments or merits in various fields, including arts, sciences, and sports.

Quantum Meruit

A legal principle where someone is paid for the value of work or services performed, when there hasn't been a specified contract about payment.

Monetary Compensation

Payment made in the form of money to settle a claim, compensate for damage, work done, or injury.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.