In General,it Can Be Said of a Modern Supply Chain

question 70

Multiple Choice

In general,it can be said of a modern supply chain that ________ information has the effect of ________ inventory.

• A)increasing,decreasing
• B)decreasing,increasing
• C)increasing,increasing
• D)decreasing,decreasing

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Definitions:

Time Preference

This concept describes individuals' preference for immediate benefits over future ones, influencing their decisions on saving, investing, and consumption.

Time Preference

An individual's preference for receiving goods or services sooner rather than later.

Capital Goods

Long-term physical assets used in the production of goods or services, such as machinery and buildings.

Current Consumption

The total amount of goods and services consumed at the present time, as opposed to savings for future consumption.