Demand Management Is Important Because Effective and Efficient Supply Chains

question 26

True/False

Demand management is important because effective and efficient supply chains have learned to match both supply and demand.

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Definitions:

Niche

A specialized segment of the market for a particular kind of product or service, identified by unique needs, preferences, or identity that separates it from the market at large.

Business Ecosystem

An economic community supported by a foundation of interacting organizations and individuals—the organisms of the business world.

Economic Community

A group of countries or regions that form an agreement to promote economic cooperation and integration among its members, often through trade liberalization, common policies, and shared goals.

Corner Store Site

The location of a small retail business, typically situated on the corner of streets in urban or suburban areas, serving the immediate neighborhood.