Supply Chain Management Is ________

question 29

Multiple Choice

Supply chain management is ________.

• A) the principle of looking at the supply chain as a whole in order to improve the overall flow through the system
• B) a limitation on the number of suppliers allowed to supply a particular company
• C) complete movement of raw materials throughout a manufacturing or service facility
• D) a cost-reduction program in which wholesalers and retailers are eliminated in an effort to entice consumers to purchase directly from manufacturers

---

Definitions:

Interest-Rate Cost of Funds

The expense associated with borrowing money, typically represented as a percentage of the total amount borrowed.

Corporate Decision

Strategic choices made by a company’s management that influence its operations, finances, and overall business direction.

R&D Activity

Research and Development activities involve investigative projects to discover new knowledge and use it to develop new products, processes, or services.

Interest-Rate Cost of Funds

The cost incurred by financial institutions for the funds they use in their operations, influenced by prevailing market interest rates.