Has a market economy. as such, japan's economy (relative to centrally planned economies) tends to result in a. productive efficiency but not necessarily allocative efficiency or equity. b. equity but not necessarily productive efficiency or allocative efficiency. c. allocative efficiency but not necessarily productive efficiency or equity. d. productive efficiency and allocative efficiency but not necessarily equity. e. allocative efficiency and equity but not necessarily productive efficiency.

Option (E)

Explanation:

Supply chain management is referred to as or known as broad/wide range of activities which are required in order to control, plan, and execute a commodity's flow, i.e. from the primary stage of acquiring raw material and thus production to the final stage of distribution to consumer, in most streamlined, efficient and effective way that is possible.

In other words it encompasses or encloses integrated execution and planning of a procedure which is required in order to optimize flow of the material, financial capital and information in areas which include sourcing, demand planning, production, storage and inventory management, logistics and also the return of defective products.