Which of the Following Is a Tactical SCM Objective

question 29

Multiple Choice

Which of the following is a tactical SCM objective?

• A) Deploying resources to match supply to demand
• B) Monitoring, controlling, and adjusting production
• C) Changing transportation methods
• D) Establishing objectives and policies

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Definitions:

Formal Agreements

Legally binding contracts or treaties between parties that outline specific obligations and rights.

Less Elastic

Describes a situation where demand or supply is relatively unresponsive to changes in price.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, income, employment, and trade.

Limit Pricing

A strategy where a firm sets the price of its product low enough to deter new entrants into the market.