theory regarding strategic thinking conceptualizes the relationship between a changing environment, managerial decision$-$making, and performance.

A$)$ Contingency

B$)$ Industrial organization

C$)$ Resource$-$based

D$)$ Business model

heory regarding strategic thinking claims that market forces should drive decision$-$making.

A$)$ Contingency

B$)$ Industrial organization

C$)$ Resource$-$based

D$)$ Business model

theory regarding strategic thinking focuses on building organizational skills and processes that enable a company to deliver distinctive products and services.

A$)$ Contingency

B$)$ Business model

C$)$ Industrial organization

D$)$ Resource$-$based

Question $2$: True$/$False

Purchased goods and services flow from downstream suppliers to the focal firm.

Supply chain information typically flows both upstream and downstream from the focal firm.

Supply chain management is often defined as managing the flow of information and materials from the "suppliers' supplier to the customers' customer.

Supply chain management is the design and management of seamless, value$-$added processes across organizational boundaries to meet the real needs of the manufacturer$/$service provider.

Before processes can be managed effectively up and down the supply chain, they must be managed well inside the focal firm.

The term internal "value chain" describes the interconnected nature of a business's internal functions such as R&D$,$ Operations, and Marketing that add value to a process.

A supply chain phenomenon "The Bullwhip Effect" occurs as the result of a well planned, well communicated coordinated management effort throughout the supply chain membership.

The theoretical ideal supply chain collaboration is "backward process integration with valued first$-$tier suppliers".

Winning supply chain strategies should help a company do more than just beat the competition; they should help the company meet the real needs of their customers.

Industrial organization theory suggests that supplier and technology forces should drive corporate strategic decision$-$making.