Several companies are working together to create a product, and their efforts to coordinate have provided an increase in value, which in turn has provided each of these companies with a competitive advantage over those who produce a similar product. This is an example of .
A.
utility
B.
supply chain management
C.
materials management
D.
quality
E.
production

When several companies work together to create a product and their coordination efforts provide increased value and competitive advantage, this is an example of supply chain management.

The increase in value is perceived when a company identifies how much consumers are willing to pay for the product it offers, and manages to reduce its production costs or make it differentiated to sell at a higher price.

When the supply chain is managed effectively, it is able to:

Therefore, integrating organizational systems through supply chain management will generate continuous improvement in processes, greater quality and competitiveness.

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Several companies are working together to create a product, and their efforts to coordinate have provided an increase in value, which in turn has provided each of these companies with a competitive advantage over those who produce a similar product. This is an example of .

A.  utility

B.  supply chain management

C.  materials management

D.  quality

E.  production

D

Explanation:

Quality alludes to how great something is contrasted with other comparable things, as it were, its level of greatness. In business, particularly fabricating, it is a proportion of greatness. Right now, can likewise allude to a condition imperfection free. The ISO 8402-1986 standard characterizes quality as: "The totality of highlights and attributes of an item or administration that bears its capacity to fulfill expressed or inferred needs." In business, assembling, and building, the term has a commonsense translation as the predominance or non-inadequacy of something. It likewise alludes to an item as 'fit for reason,' while simultaneously fulfilling customer desires. Quality is generally an emotional and perceptual property. Various individuals might not have a similar comprehension of the significance of the term.

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.