17

19

9

The key difference between a modular and a relational value chain is that: a. A modular value chain is more cost effective b. A relational value chain implies it is more difficult to switch out key suppliers c. A modular value chain relies on standard modes of collaboration d. Both (a) and (c) above e. Both (b) and (c) above Mary supply chains ara desperately trying to survive and ride out the devastating impacts of COVID-19 pandemic. Of paramount importance in this survival strategy mode is: Minimizing risks Minimizing costs Miximizing profits Madimizing productivity Responsive supply chains are a good fit for innovative products because The supply chain focus is then purely on cost The focus is purely on speed of fulfillment The focus is to quickly understand what the customer wants and deliver those needs Innovative products actually require a focus on efficiency over responsiveness