Supply chain management involves actively planning and controlling the activities in a supply chain in order to achieve minimum costs and maximum output.
Supply Chain Management is also known as SCM. Supply Chain Management has a large range of activities that fall under the SCM category. The activities involved planning and executing strategies related to production and distribution of the final good. In SCM keeping costs low while producing a large amount of products would be the main goal of a company.
The best suggestion to give to Frank when he asked about
what could be done with the data that is being generated is that the data may
be of good use when the social media are being used in having to find out the
customer’s recommendations and the ones that they are buying in which could be
the common interest of buyers.
<span>A term policy's cost increases at the end of each term. If you own a term policy and you want to increase your coverage, your health will have to be ...</span>
Answer: both productive and allocative efficiency.
Explanation:
A purely competitive market, is a market where there are large numbers of firms which produces standardized product. The prices of the goods in the market are determined by the consumer demand and no supplier can influence the market price.
After long-run adjustments, a purely competitive market achieves both productive and allocative efficiency. This is due to the fact that the average variable cost will be minimized and thenoruce that's charged will be equal to the marginal cost.
<span>The answer is that the government will be forced to spend $15,000,000.
government imposes a price floor on wheat at $5
there will be a surplus of $3,000,000
</span><span>the government will be forced to spend = $5 x $3,000,000 = $15,000,000</span>
