What Acquires Raw Materials and Resources and Distributes Them to Manufacturing

question 88

Multiple Choice

What acquires raw materials and resources and distributes them to manufacturing as required?

• A) Inbound logistics
• B) Outbound logistics
• C) Logistics
• D) Cradle to grave

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Definitions:

Production Technique

The method or process used to produce goods or services, often involving particular technologies or strategies.

Economically Efficient

A state where resources are allocated in a way that maximizes the net benefit to society.

Market System

A financial system where investment, production, and distribution decisions are dictated by price signals resulting from the interplay of supply and demand forces.

Fundamental Question

Fundamental Question refers to the basic questions any economic system must answer, which include what to produce, how to produce, and for whom to produce.