Grand Tree Doors does not make a door until an order is received. It promises product delivery within five working days because of the excellent relationship it has established with its suppliers
The partnering relationship that Grand Tree Doors shares with its suppliers and its ability to promptly serve its customers indicate that it has an efficient _____.
a. supply chain management
b. yield management
c. knowledge management
d. asset lifecycle management
ANSWER: a
The partnering relationship that Grand Tree Doors shares with its suppliers and its ability to promptly serve its customers indicate that it has an efficient supply chain management. Supply chain management coordinates and integrates all the activities from raw materials to product consumption.
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Indicate whether the statement is true or false
Firms that require funds from external sources can obtain them ________
A) through financial institutions B) from central bank directly C) through forex market D) by issuing T-bills