By Linking Companies with Their Suppliers, Distributors, and Customers, ____

question 76

Multiple Choice

By linking companies with their suppliers, distributors, and customers, ____ provide a company with flexibility.

• A) Flexible manufacturing systems
• B) Information networks
• C) Total quality management systems
• D) Capabilities

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Definitions:

Merchandise Purchases Budget

A financial plan that estimates the cost of goods a company needs to purchase to meet its sales goals.

Sales Budget

A financial plan that estimates the expected revenue from sales for a specific period, taking into account factors like market conditions, historical sales data, and economic forecasts.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period of time, often used by businesses to manage cash flow and ensure liquidity.

Minimum Cash Balance

The smallest amount of cash that a company or individual aims to hold in order to meet expected and unexpected needs.