Answer:
True
Explanation:
Supply Chain Management is the integrated management of material, information and money flow that enables the customer to reach the right product at the right time, at the right place, at the right price, at the lowest possible cost for the entire supply chain. In other words, creating strategies and business models that will increase customer satisfaction by integrating the basic business processes in the chain. A supply chain is a set of relationships and links that enable the movement of products between suppliers, manufacturers, wholesalers, distributors, retailers and ultimately consumers. It covers all successive rings from the procurement stage of goods and services to production and delivery to the final consumer. In terms of business processes, supply chain; sales process, production, stock management, material supply, distribution, procurement, sales forecasting and customer service.
Consequently, the location is the one of the most important factors of supply chain in the profitability terms. If the company is on the perfect location in the meaning of proximity to customers, or other supply channels it would be great asset for the firm or company. That's why it is pretty important for companies in the global markets to make decisions about the location. Of course, this will optimize the performance of supply chain and make consistent with the firm's or company's competitive strategy.
In a perfectly competitive market in long-run equilibrium, an increase in demand creates economic profit in the short run and <u>induces entry</u> in the long run.
<u>Explanation:</u>
In optimal competition, equilibrium is the position where consumer demands are equal to market supply. In the short term demand will impact equilibrium. In the long run both a product's demand and supply would affect the balance in perfect competition.
In the long run, companies participating in a perfectly competitive market gain zero income. The long-run equilibrium position for a perfectly competitive market emerges in which the demand curve (price) collides the marginal cost curve (MC) and the Average Cost (AC) curve minimum point.
<span>The answer to the blank space provided asking about the term that refers to the best reinforcement schedule for motivating employees is called Variable Ratio Schedule. Variable Ratio Schedule refers a schedule of reinforcement wherein the response is achieved in an unpredicted events.</span>
Answer:
A) It is not permissible for Gerard to solicit California residents. He must hold a California real estate license in addition to his Nevada license.
Explanation:
Gerald should not be advertising properties to California citizens since that is considered soliciting. In order for Gerald to be legally able to solicit California citizens, he should hold a California real estate license. A Nevada license is not valid in California (nor any other state).