Which two areas should managers consider in order to adapt to the business dynamics affecting their company?
Choose 2 answers
Managers must consider control over internal operations and influence and leverage over suppliers to adapt effectively to changing business dynamics.
Internal operational control determines how quickly a firm can:
Adjust capacity
Improve quality
Reduce cost
Respond to demand changes
Supplier influence is equally critical in modern supply chains. Strong supplier relationships improve:
Reliability
Cost stability
Innovation
Responsiveness
Operations Management emphasizes that competitiveness increasingly depends on supply chain coordination, not isolated firm performance.
The other options are less relevant:
Firms rarely influence future legislation
Advertising costs relate to marketing strategy, not operational adaptability
Thus, effective supply chain management requires both internal excellence and external collaboration.
Nina
18 days agoWhitney
23 days agoVivan
1 month agoRenato
2 months agoAvery
2 months agoLeontine
2 months ago