Which of the following is false regarding supply chain management?
A) The focus of logistics is the flow of product through the supply chain.
B) Timely information drives the entire supply chain process.
C) Product flow in the reverse direction is an important aspect of supply chain management.
D) The formation close relationships among participants is an inherent need of SCM.
E) All of the answer choices are true statements.
Question 2
Which of the following statements is false regarding the relationship of the Internet and SCM?
A) The Internet promotes efficiency across the supply chain.
B) The Internet promotes effectiveness across the supply chain.
C) The Internet permits suppliers to gain real-time knowledge of their customer's needs for materials and components.
D) The use of the Internet as a part of supply chain management has allowed business marketers develop new products in a more timely manner.
E) The Internet has provided companies the opportunities to increase channel inventories.
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Suppose a country imports televisions. The country's supply and demand curves are shown in ...