The Output of a Supply Chain Is the

question 274

Multiple Choice

The output of a supply chain is the

• A) units of products delivered.
• B) total generated revenue.
• C) service delivered to customers.
• D) total number of customers served.
• E) total profits realized.

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue.

Accounts Payable

Amounts owed by a company to suppliers or vendors for goods or services received that have not yet been paid for.

Accounts Receivable

Accounts receivable represents the money owed to a company by its customers for goods or services that have been delivered or used, but not yet paid for.

Cost of Goods Sold

The direct expenses related to the production of goods sold by a company, including the cost of the materials and labor directly used to create the good.