Define supply chain profitability. How is it different from individual organizational profitability?
What will be an ideal response?
Supply chain profitability is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue. In general, the maximum profit to the supply chain will not occur if each organization in the supply chain maximizes its own profits in isolation. Usually, the profitability of the supply chain increases if one or more of the organizations operate at less than their own maximum profitability.
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Australia is a major producer of agricultural and dairy products and exports coffee, tea, spices, and milk products to the United States. United States is the world's third largest supplier of machinery and exports heavy machinery to Australia
What explains the trade equation between Australia and the United States? A. Tariff barriers determine the flow of goods and services between nations. B. Countries are simultaneously encouraging exports and discouraging imports. C. First entrants to the industry ensure their nations have the first-mover advantages. D. Nations with an absolute advantage in producing certain goods trade them for goods produced by other countries. E. Gold and silver are the mainstays of national wealth and essential to vigorous commerce.
Data is composed of ________
A) facts B) numbers C) information D) Both A and B are correct