A Responsive Supply Chain Typically Has

question 17

Multiple Choice

A responsive supply chain typically has:

• A) a low capacity cushion.
• B) high inventory turns.
• C) supply chain partners that emphasize low prices.
• D) supply chain partners that emphasize volume flexibility.

---

Definitions:

Value-Based Pricing

A pricing strategy where the price of a product or service is determined based on the perceived value to the customer rather than the cost of production.

Required Return

The minimum expected return by investors for investing in a particular security or project, reflecting the risk level.

Investment

The allocation of resources, such as capital, time, or assets, with the expectation of receiving future benefits or returns.

Useful Life

The estimated duration of time an asset is expected to be useful for the business before it becomes obsolete or too costly to maintain.