5 Questions
What is a responsive supply chain focused on?
Flexibility, adaptability, and quick response to changes in customer demand or market conditions
In franchising, who sets the specific rules for operating the business?
The franchiser
What does an efficient supply chain emphasize in its production process?
Economies of scale
What does forward integration involve in a channel?
A firm at one level of a channel owns the firm at the next level or owns the entire channel
What is an example of backwards integration?
A retailer that owns a manufacturing operation
Test your knowledge of franchising and responsive supply chain with this quiz. Challenge yourself with questions about contractual arrangements, parent companies, business models, flexibility, adaptability, and customer demand.
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