According to the Text, Which of the Following Is Considered

question 20

Multiple Choice

According to the text, which of the following is considered a current trend in supply chain management?

• A) Using supply chain analytics
• B) Increasing supply chain visibility
• C) Both A and B
• D) None of these

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Definitions:

Average Variable Cost

The total variable costs (costs that change with production volume) divided by the number of units produced.

Average Product of Labor

The output produced, on average, by one unit of labor, such as one worker or one hour of work.

Marginal Product of Labor

The additional output produced as a result of employing one more unit of labor.

Economies of Scale

The cost advantages that a business obtains due to expansion, where the average cost per unit of output decreases with increasing scale.