Which of the Following Best Illustrates a "Breakthrough Opportunity

question 106

Multiple Choice

Which of the following best illustrates a "breakthrough opportunity?"

• A) A recording company's new CD gets unexpected national publicity on MTV and almost every teenager wants a copy for Christmas.
• B) A drug company develops a patented pill that people can take once a year and safely avoid catching a cold.
• C) A bank puts its credit card machines in convenient drive-up locations--so they will be more convenient for customers.
• D) A nurse realizes that the growing number of older people will increase the demand for nursing home services, so she quits her job and opens a quality nursing center for the elderly.
• E) A wireless phone company introduces a new service that offers more free weekend minutes than any other service in its market area.

Grasp the importance of dependability in supply chains, including consistent lead times, safe delivery, and complete delivery.

Analyze the concept of replenishment time and its significance within the supply chain.

Recognize the role of communication in logistics and its impact on monitoring service and anticipating future needs.

Comprehend the definitions and significance of order cycle time in logistics.

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Definitions:

Cash Discount

A reduction in the invoice amount by the seller, granted to the buyer for early payment within a specified period.

Credit Cost Curve

The relationship between the cost of credit for a borrower and the default risk of the borrower, indicating how the cost of borrowing money increases with higher risk.

Collection Policy

Guidelines and procedures a company follows to collect payments from customers including when and how collections are pursued.

Aging Schedule

An aging schedule is a method used in accounting to categorize accounts receivables based on the length of time an invoice has been outstanding, aiding in the management of a company's debts.