SCM Systems Are Considered to Be A(n) ________ Because They

question 47

Multiple Choice

SCM systems are considered to be a(n) ________ because they automate the flow of information across company boundaries.

• A) KMS
• B) enterprise system
• C) MIS
• D) interorganizational system
• E) cross-functional system

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Definitions:

Short Run

A period in which at least one of a firm's inputs is fixed and cannot be changed.

Monopolistically Competitive

A market structure with many firms selling products that are substitutes but differentiated enough that each firm's product has its own demand.

Fixed Costs

Costs that do not vary with the level of output or business activity, such as rent, salaries, and loan payments.

Short Run

A period in economics during which at least one input is fixed, limiting the immediate capacity to adjust production levels.