Which of the following is not one of the five basic components of supply chain management?
A. Plan
B. Deliver
C. Sale
D. Source
Answer: C
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Indicate whether the statement is true or false
Suppose ATM costs increased because of additional security required to prevent electronic fraud. Explain how this would affect money demand, aggregate demand, output, and the price level in the short run and the long run.
What will be an ideal response?
Which of the following characteristics is most likely to be the more sustainable competitive advantage?
A. Ability to get scarce merchandise B. More employees C. Bigger warehouses D. Extended hours of operation E. Greater assortment of merchandise
Which of the following is not true of reverse auctions?
A. Retailers participate to get quality private-label merchandise at low prices. B. Reverse auctions are common among commodities and seasonal products. C. The retailer chooses the lowest bidder regardless of other factors. D. Retail buyers provide a group of potential vendors with a specification for what they want. E. There is one buyer, the retailer, and many potential sellers, the manufacturing firms.