When a Division Manager Is Told to "Maximize Revenue from the Sales

question 38

Multiple Choice

When a division manager is told to "maximize revenue from the sales of goods and services produced," they are being told to take which approach?

• A)A profit budget approach
• B)A revenue budget approach
• C)An expense budget approach
• D)A cash flow budget approach
• E)A capital budget approach

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Definitions:

Supply Chain Efficiency

The effectiveness with which a supply chain operates, aiming to minimize costs and waste while maximizing speed and quality.

Implied Uncertainty

The uncertainty in outcomes or future conditions that is suggested or inferred but not explicitly stated or known.

Cost-Responsiveness Efficient Frontier

An analytical concept in supply chain management that shows the trade-off between the cost of a supply chain and its responsiveness to customer demands.

Responsiveness

The ability of a business or system to quickly and effectively adapt to changes in demand or conditions.