Which of the Following Statements Is Most Correct

question 76

Multiple Choice

Which of the following statements is most correct?

• A)KSFs are often necessary,but not sufficient for competitive advantage.
• B)KSFs are often sufficient,but not necessary for competitive advantage.
• C)KSFs are neither necessary nor sufficient for competitive advantage.
• D)KSFs are both necessary and sufficient for competitive advantage.
• E)None of the above statements is correct.

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Definitions:

EOQ

Economic Order Quantity, a formula that determines the ideal order quantity that minimizes total inventory holding costs and ordering costs.

Fixed Ordering Costs

Fixed ordering costs are the expenses that do not change with the quantity of order and typically include things like delivery charges and order processing fees.

Inventory Value

The total cost or market value of all the goods and materials held by a company.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services provided on credit.