The Term Quantity Supplied Refers to

question 7

Multiple Choice

The term quantity supplied refers to

• A)the minimum quantity producers must sell in order to stay in business.
• B)the quantity where the supply and demand curves cross.
• C)a supply schedule.
• D)the entire supply curve.
• E)the amount of a good producers are willing to sell at a given price.

---

Definitions:

Downstream

In the context of supply chain and business, it refers to all activities or processes that occur closer to the end-user or consumer, often including refining, selling, and distribution.

Inventory Management

The supervision of non-capitalized assets (inventory) and stock items, a component of supply chain management that involves overseeing the flow of goods from manufacturers to warehouses and from these facilities to point of sale.

Supply Chain

A network of entities, including suppliers, manufacturers, and retailers, involved in the production, transportation, and distribution of goods from raw materials to final consumers.

Just-In-Time

A supply chain and inventory management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.