Which of the Following Is an Example of Supply Chain

question 33

Multiple Choice

Which of the following is an example of supply chain efficiency?

• A) Federal Express focuses on providing superior service.
• B) Caterpillar has high spare parts availability.
• C) Dr.Pepper introduces a new flavor of soft drink.
• D) Rolex positions itself as a prestige brand.
• E) Apple sources its raw materials in ways that keep its costs low.

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Definitions:

Deadweight Loss

A situation in economics where the total of consumer and producer surplus is not maximized due to factors like taxes or subsidies.

Monopoly Output

The quantity of goods or services produced and offered for sale by a monopolist, set to maximize profits under conditions of limited competition.

Competitive Output

The level of output at which a firm in a competitive market maximizes its profits, determined by the intersection of the industry's supply and demand curves.

Consumer Surplus

The discrepancy showcasing the difference between the sum consumers are eager to pay and the price eventually paid.