Which One of the Following Is NOT a Main Component

question 82

Multiple Choice

Which one of the following is NOT a main component of the value chain sequence?

• A)ERP
• B)sales and marketing
• C)production
• D)customer relations

Recognize the relationship and interdependence between strategic plans and operational plans in achieving organizational objectives.

Understand the concept of the "invisible hand" and its relevance to economic theory.

Identify examples of government intervention aimed at improving equality.

Comprehend how prices in a market economy reflect supply and demand dynamics.

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Definitions:

Net Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term financial health and efficiency.

Floor Inventory

The minimum amount of goods that a retailer keeps on the shop floor to ensure an adequate supply for normal sales volumes.

Accounts Receivable

Outstanding payments owed to a company by patrons for items or assistance already provided but not yet remunerated.

Debt To Suppliers

Liabilities owed to suppliers from transactions where goods or services were purchased on credit.