The Goal of SCM Is to Create a Fast, Efficient

question 89

Multiple Choice

The goal of SCM is to create a fast, efficient, and low-cost network of business relationships, or a _______________, to get a company's products from concept to market.

• A) supply chain
• B) service chain
• C) product chain
• D) relationship chain

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Definitions:

Interest Rate

The percentage of a loan that is charged as interest to the borrower, usually presented as an annual percentage of the remaining loan amount.

Antique

An object, piece of furniture, or artwork that has high value because of its considerable age and quality.

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from experiencing or doing something desirable.

Insulation Job

The installation of insulating materials in buildings or structures to reduce the transfer of heat and enhance energy efficiency.