Supply Chain Management Refers To

question 36

Multiple Choice

Supply chain management refers to:

• A) Another name for logistics.
• B) Another name for physical distribution.
• C) Transportation, storage, warehousing and order processing.
• D) Logistical systems that emphasize close cooperation and comprehensive interorganizational management.
• E) Controlling suppliers who provide inputs and materials to the company.

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Definitions:

Merchandise

Goods that are bought and sold in a retail or wholesale environment.

Sales on Account

Transactions where goods or services are sold and payment is deferred, resulting in the creation of accounts receivable for the seller.

Sales on Account

Transactions where goods or services are sold and payment is deferred, leading to the creation of accounts receivable on the balance sheet.

Merchandise

Goods that are purchased, stored, and sold by a business in its regular operations, often referred to as inventory.