Which of the Following Includes Activities Such as Manufacturing, Research

question 86

Multiple Choice

Which of the following includes activities such as manufacturing, research, sales, advertising, and shipping, as well as involving all entities that facilitate product distribution?

• A) Channel management
• B) Inventory management
• C) Supply-chain management
• D) Logistics management
• E) Supply management

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Definitions:

Economic Well-being

The level of prosperity and quality of life in an economy, measured by factors such as income, employment, and access to goods and services.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a specific time period, serving as a broad measure of economic activity.

Economy's Production

The total value of all goods and services produced within an economy over a specific time period.

Goods and Services

The physical items (goods) and activities (services) that satisfy human wants and needs and are offered in the marketplace for purchase.