_________ Has/have Helped Firms to Concentrate on Their Core Business

question 25

Multiple Choice

_________ has/have helped firms to concentrate on their core business.

• A)Supply chains
• B)Scheduling
• C)Outsourcing
• D)ERP
• E)Lean production

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Definitions:

Output

The total amount of goods or services produced by a company or a production process.

Cost Function

A mathematical relationship that describes how the costs incurred by a firm change with various levels of output.

Profit-Maximizing

A strategy or approach taken by firms to adjust their production and pricing to achieve the highest possible profit.

Output

The amount of products or services generated by a business, sector, or nation during a specific period.