Higher-Order Needs Are Desires for Psychological Development and Growth, and They

question 162

True/False

Higher-order needs are desires for psychological development and growth, and they include esteem and self-actualization needs.

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Definitions:

Supply Chain Responsiveness

The ability of a supply chain to adapt quickly and efficiently to changes in the market environment, customer preferences, or supply disruptions.

Service Level

A measure of the quality of service provided, often evaluated by the speed and reliability with which a service is delivered.

Substitute Similar Products

Alternative products that serve the same purpose or function as the original product, often used to mitigate risks of stockouts or to diversify product offerings.

Flexible Capacity Lever

A strategy that enables a business to adjust its production capacity quickly in response to changing market demands, using methods like overtime, subcontracting, or temporary workers.