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What are key obstacles that can upset the balance between responsiveness and efficiency in a supply chain?
Key obstacles that can disrupt the balance between responsiveness and efficiency in a supply chain include demand variability, which can lead to overstocking or stockouts, and supply chain disruptions caused by natural disasters or geopolitical issues. Inefficient communication and information flow between partners can hinder quick decision-making, impacting responsiveness. Additionally, rigid processes and lack of flexibility in operations can prevent timely adjustments, ultimately affecting both responsiveness and overall efficiency.
The Big Mac Index is a quick way to calculate?
Purchasing power parity, or the comparison of real price levels between countries.
What is reactive decision making?
Reactive decision making refers to the process of responding to events or situations as they arise, rather than planning ahead or anticipating potential issues. This approach often involves making quick judgments based on immediate circumstances, which can lead to effective short-term solutions but may overlook long-term consequences. While it can be beneficial in fast-paced environments, reliance on reactive decision making may result in inconsistent outcomes or missed opportunities for proactive planning.
Difference between short run demand and long run demand?
In microeconomics, the long run is the conceptual time period in which there are no fixed factors of production, as to changing the output level by changing the capital stock or by entering or leaving an industry. The long run contrasts with the short run, in which some factors are variable and others are fixed, constraining entry or exit from an industry. In macroeconomics, the long run is the period when the general price level, contractual wage rates, and expectations adjust fully to the state of the economy, in contrast to the short run when these variables may not fully adjust
Models of decision making process in business management?
Decision-Making Models in Business Management Rational Model – Logical, step-by-step approach for complex decisions. Bounded Rationality Model – Selects the first good-enough option due to time or cognitive limits. Intuitive Model – Relies on experience and gut feeling for quick decisions. Incremental Model – Gradual, step-by-step adjustments over time. Garbage Can Model – Decisions emerge randomly in uncertain environments. Vroom-Yetton Model – Defines leadership’s role in decision-making, from autocratic to collaborative. Businesses use these models based on complexity, urgency, and available information.
What is a synonym for the word efficient?
Quick Rapid Hasty
What is the adverb for hasty?
Hasty is the related adjective for the noun haste. The adverb form is hastily (done in a quick, hurried, or expedient manner).
How do you conduct a hasty attack?
A hasty attack involves quickly seizing the initiative and engaging the enemy with minimal planning. It requires rapid decision-making, quick movement and the ability to adapt to changing circumstances on the battlefield. Key considerations include surprise, speed, and maintaining momentum to overwhelm the enemy.
Another word for fast in a store name?
swift, quick, speedy, express, hasty
What is a five letter word that means swift?
Quick, hasty, and rapid all work.
Is hasty an adjective?
Yes, it is the adjective form of the noun haste. It means sudden or quick.
What is the difference between quick oats and rolled oats?
The main difference between quick oats and rolled oats is the way they are processed. Quick oats are cut into smaller pieces and rolled oats are flattened with rollers. This difference in processing affects their texture and cooking time.
Which words are synonymous with swift?
Abrupt, speedy, hasty, fast, nimble, quick, fleet-footed...
What is the difference between quick and long- term energy?
One is long and one is quick... Simply that...Simply orange
What is a synonym for brief?
Quick Short Abrupt Concise Curtailed, Fast Fleeting Hasty Momentary Quick Short-lived or Advise Inform Summarise
Which sentence best states the main point of Top of the Food Chain?
The things we do affect the world around us.
What are some words that have the same meaning as fast?
quick, swift, rapid, accelerated, hasty, hurried etc
