An Organization Establishes a __________ When It Has a Core

question 23

Multiple Choice

An organization establishes a __________ when it has a core competency that sets it apart from its competitors and gives it an advantage over them in the marketplace.

• A)Core advantage.
• B)Market advantage.
• C)Competitive advantage.
• D)Competency advantage.
• E)Management advantage.

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Definitions:

Bullwhip Effect

A phenomenon in supply chains where small fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer, and raw material supplier levels.

Sell-Through

The percentage of inventory sold during a specific period, a key performance indicator in retail and inventory management.

Manufacturer's Sales

The total revenue generated from goods produced and sold directly by the manufacturer to the consumer or through intermediaries.

Incentive Obstacles

Challenges that arise when the incentives of different parties involved are not aligned, potentially leading to conflicts or inefficiencies.