The General Idea Behind ___________ Is That One Company Allows

question 10

Multiple Choice

The general idea behind ___________ is that one company allows a specialist company to provide it with one or more logistics functions.

• A)supply chain management
• B)multichannel marketing
• C)third-party logistics
• D)cross-organizational collaboration

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Definitions:

Proprietorship

A business structure owned by a single individual, where the owner and the business are legally treated as the same.

Basic Accounting Equation

Assets equal liabilities plus equity; the foundational equation in accounting expressing the principle of balance in a firm's financial position.

Owner's Equity

The remaining value of a company's assets after all liabilities have been subtracted, indicating the stake of ownership in the enterprise.

Assets

Economic resources or owned valuables that are expected to provide future benefits to a business.