Activities That Focus on Getting the Right Amount of the Right

question 276

Multiple Choice

Activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost are referred to as

• A) vertical integration.
• B) disintermediation.
• C) logistics.
• D) direct selling.
• E) warehousing.

---

Definitions:

Supplies On Hand

The inventory of materials and goods currently available in a business for use or sale.

Adjustment

A process of altering financial records or accounts to correct any discrepancies or errors.

Supplies Expense

Costs associated with the consumable items that a business uses within its operating activities.

Cost Of Goods Sold

An accounting term for the direct costs attributable to the production of the goods sold by a company.