Achieving Efficiency in All Aspects of the ___ While Ensuring

question 128

Multiple Choice

Achieving efficiency in all aspects of the ___ while ensuring on-time availability of quality resources for customer-driven organizations is the fundamental goal of ___.

• A) value chain; value chain management
• B) quality chain; quality chain management
• C) supply chain; supply chain management
• D) customer chain; customer chain management
• E) production chain; production chain management

---

Definitions:

Laspeyres Price Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services of the type consumed during a base period.

Prices Increase

A situation where the cost of goods and services rises over a period, reducing purchasing power.

Income

refers to money received, especially on a regular basis, for work or through investments.

Pizza

A popular dish of Italian origin, consisting of a round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and various other ingredients, baked at a high temperature.