Which of the Following Is Used as the Measure of Supply

question 6

Multiple Choice

Which of the following is used as the measure of supply chain speed?

• A) dollar value of goods exchanged in a given period of time
• B) amount of goods exchanged in a given period of time
• C) total profit generated by the components of supply chain
• D) time taken to transport goods from one component to another

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Definitions:

Regulation

The establishment and enforcement of rules or laws by government or regulatory bodies to govern behavior in specific industries or areas.

Idle Production Capacity

The portion of a manufacturing facility that is not being used but could be producing goods or services.

Inventory Costs

Costs associated with storing, managing, and maintaining a company's stock, including warehousing, security, insurance, depreciation, and potential obsolescence.