__________ Are Part of the Formal Organisational Structure and Are

question 67

Multiple Choice

__________ are part of the formal organisational structure and are created to fulfil a variety of essential operations.

• A) Psychological groups
• B) Cohesive groups
• C) Emergent groups
• D) Formal groups
• E) Social groups

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Definitions:

Private Fleet

A company-owned collection of vehicles used to transport goods, as opposed to hiring external transportation services.

Inventory Cost

The total cost associated with holding and managing inventory, including storage, insurance, taxes, opportunity costs, and depreciation.

Supply Chain Network

A more complex version of a supply chain, involving multiple suppliers, manufacturers, and distribution channels creating a web of interconnected businesses.

Transportation Cost

The expenses incurred in the movement of goods from their manufacturing location to the end customer, including fuel, labor, vehicle maintenance, and tolls.