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Questions and Answers
What is a responsive supply chain focused on?
What is a responsive supply chain focused on?
- Minimizing transportation costs
- Emphasizing economies of scale in production
- Maximizing product variety
- Flexibility, adaptability, and quick response to changes in customer demand or market conditions (correct)
In franchising, who sets the specific rules for operating the business?
In franchising, who sets the specific rules for operating the business?
- The government
- The franchiser (correct)
- The franchisee
- A third-party consultant
What does an efficient supply chain emphasize in its production process?
What does an efficient supply chain emphasize in its production process?
- Customization of products
- High transportation costs
- Economies of scale (correct)
- Diverse assembly and inventory storage facilities
What does forward integration involve in a channel?
What does forward integration involve in a channel?
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What is an example of backwards integration?
What is an example of backwards integration?
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