__________Refers to Managing the Flow of Finished Goods, Materials, or Components

question 20

Multiple Choice

__________refers to managing the flow of finished goods, materials, or components that may be unusable or discarded through the supply chain from customers toward either suppliers, distributors, or manufacturers for the purpose of reuse, resale, or disposal.

• A) Reverse logistics
• B) Response management
• C) Process design
• D) Scheduling

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Definitions:

Mutually Exclusive

Situations, events, or decisions that cannot occur or be undertaken simultaneously—if one happens, the other cannot.

Projects

Initiatives or plans undertaken to achieve specific objectives, which can be either short-term or long-term in nature.

Payback Period

The time required for the return on an investment to "pay back" the sum of the original investment, often used for capital budgeting.

Investment

Disbursing assets, particularly money, with the objective of obtaining income or profit.