Which of the Following Is an Important Competitive Advantage That

question 151

Multiple Choice

Which of the following is an important competitive advantage that results from effective supply-chain management?

• A) variable costs
• B) lower level of costly innovation
• C) autonomy and independence among the chain's members
• D) improved conflict resolution within the chain

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Definitions:

General Journal

The general journal is a comprehensive record of financial transactions, arranged in chronological order, used in an entity's double-entry bookkeeping system.

Transaction Date

The date on which a trade or a financial transaction is completed or settled.

Debit

An accounting entry that increases asset or expense accounts, or decreases liability, equity, or revenue accounts.

Credit

Credit in finance represents a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date, often with interest.