Companies Should First Think of the Target Market and Then

question 142

Multiple Choice

Companies should first think of the target market and then design the supply chain backward from that point. This strategy is called ________.

• A) demand chain planning
• B) resource planning
• C) external channel planning
• D) materials planning
• E) strategic business planning

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Definitions:

Services Performed

The execution of tasks or provision of work done for clients or customers as part of business operations.

Supplies Expense

Costs recorded as an expense when supplies are used up in the normal course of doing business, not when they are purchased.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the capital belonging to the owners.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate revenue and expenses to the period in which they actually are applicable.