What Is Selling Chain Management

question 23

Multiple Choice

What is selling chain management?

• A) Enables an organization to react more quickly to resolve supply chain issues
• B) Applies technology to the activities in the order life cycle from inquiry to sale
• C) Allows an organization to reduce the cost and time required during the design process of a product
• D) Helps organizations reduce their investment in inventory while improving customer satisfaction through product availability

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Definitions:

Heterogeneous Assets

Assets that are dissimilar in nature and cannot be easily substituted by or compared with each other within a market or industry.

Residual Value

The estimated value of an asset at the end of its useful life, often considered in leasing and depreciation calculations.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide how particular types of transactions and other events should be reported in financial statements.

GAAP

A standard collection of rules and standards for accounting that are widely used across the United States.