To determine: The key benefit of the revised approach and reason for the benefits.
Introduction: Supply chain is defined as a sequence of associations, their offices, capacities, and actions that are engaged with manufacturing and conveying a product or administration. The chain starts with essential providers of raw materials and stretches out the distance to the last client. The supply chain fragment required with getting the completed item from the producer to the purchaser is known as distribution channel.
A supply chain is a sequence starts with essential providers or raw materials and stretches out the distance to an item or administration. No business association can exist without the two operations and supply chain.
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Operations Management
- If an issue arises after the completion of a transaction, which of the following actions should a salesperson take to remedy the situation? O slect one answer. The salesperson should act promptly and resolve any Issues that may arise before the parties take legal action. The salesperson should first review the agreement and verify the relevant information, to accurately advise the seller or buyer as required. The salesperson should first arrange for compensation and reimburse the buyer or seller for any loss they may have The salesperson should inform their client that since the transaction has closed, they are no longer obligated to provide further services to them. incurred.arrow_forwardWhen a lender refuses to grant credit in substantially the amount or on substantially the terms requested in an application, which of the following actions must be issued? A) Denial form B) Adverse action C) Termination notice D) Application denial actionarrow_forwardHow can I match the terms to its corresponding healthcare purposearrow_forward
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- Company A uses a pricing approach where the initial price for a product is set high and then lowered, and Company B uses an approach where initial prices are set low in an effort to gain market share. What terms best describe these practices? • Company A – Predatory; Company B – Skimming • Company A – Penetration; Company B – Predatory • Company A – Skimming; Company B – Penetration • Company A – Skimming; Company B – Predatory • Company A – Predatory; Company B – Penetrationarrow_forward38) A franchise agreement is a contract between an entrepreneur, the -- and a parent company, the in which the entrepreneur agrees to pay the parent company for use of its trademarks, products, formulas and business practices. franchisee/franchiser borrower/lender investor/investee franchiser/franchiseearrow_forward66) As a governance mechanism the “threat of takeover” refers to: a) The risk that the government might acquire the firm b) The danger that the firm might be acquired by others who offer the stockholders better management of the firm. c) Both A and B d) Neither A nor Barrow_forward
- How is an offer accepted? Describe the rules for the manner of acceptance and its communiarrow_forwardMake your recommendation about whether or not the acquisition should be pursued.arrow_forward10. As defined in the textbook, a trademark is: a) information used in a trade or business that offers its owner a competitive advantage and that can be kept secret b) a temporary monopoly granted by a government to an investor to exclude others from using an invention c) an exclusive right granted by a government to copy and distribute an original work. d) an exclusive right granted by the government to a trademark owner to use a specific name or symbol in association with a class of products or servicesarrow_forward
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