Neil, an Entrepreneur and Inventor, Developed New Software to Help

question 79

Multiple Choice

Neil, an entrepreneur and inventor, developed new software to help retail stores manage their supply chain effectively. He was able to successfully sell his software to the retail industry. However, certain unscrupulous organizations began producing cheaper versions of the software. This lowered the popularity of the original version. Which of the following factors is affected by the knock-offs?

• A) organizational suitability
• B) technological feasibility
• C) economic viability
• D) capability development
• E) social adaptability

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Definitions:

Supply Chain

The network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and eventually to the end user.

Replenishment Lead Time

The interval between the placement of an order and its delivery, significant in inventory management and planning.

Product Availability

The degree to which products are in stock and accessible to customers when they want to purchase them.

Manufacturing Cost

Refers to the total expenses involved in the production of goods, including raw materials, labor, and overhead costs.