Firms in a Responsive Supply Chain Are Expected to Have

question 124

Multiple Choice

Firms in a responsive supply chain are expected to have

• A) long delivery times.
• B) high inventory investments.
• C) flexible flow process.
• D) low-capacity cushions.

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Definitions:

Tax Revenue

The income that is gained by governments through taxation.

Government

A system or group of people governing an organized community, often a state.

Product

A good, idea, method, information, object, or service created as a result of a process and serves a need or satisfies a want.

Elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to a change in price.