___________________ Is Managing the Organisation's Raw Materials, Work in Process

question 68

Multiple Choice

___________________ is managing the organisation's raw materials, work in process and finished goods. This is essential for effective supply chain management.

• A) Inventory management
• B) Capacity
• C) Supply chain management
• D) Product control
• E) Product-service mix

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Definitions:

Geographic Markets

Markets that are segmented or defined by geographical boundaries, which can range from local to global.

Basic Business Strategy

A foundational approach that outlines how a business aims to achieve its goals, compete in the market, and satisfy its customers.

Customer Needs

The recognized necessities or desires that drive consumers to seek out products or services for satisfaction or solution.

Value Chain Analysis

A strategic tool used to analyze the activities that create value in a business, from conceptualization to delivery to consumers.