Trends That Have Led to the Supply Chain Concept Include

question 69

Multiple Choice

Trends that have led to the supply chain concept include all of the following except:

• A) modern organizations are focusing on their core competencies
• B) modern organizations are concentrating on becoming more agile and flexible
• C) modern organizations are buying their suppliers in order to have more transparency along the supply chain
• D) modern organizations are relying on other companies to supply necessary goods and services
• E) modern organizations are relying on an increasing number of suppliers

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Definitions:

Repudiated the Contract

A situation where one party refuses to fulfill their obligations under the contract, effectively renouncing or rejecting it.

Contract Obligations

Duties that are legally binding and arise from agreements made between parties to perform or refrain from performing certain acts.

Maximum Time Period

The top limit or longest duration that something can continue or be in effect, often specified by law or agreement.

Acceptance of Goods

The act of confirming that the goods received are as per the contract terms, generally marking the completion of a seller's performance obligations.