Which of Following Steps Is Not Part of a Typical

question 65

Multiple Choice

Which of following steps is not part of a typical manufacturer's supply chain purchase of raw materials?

• A)manufacture of a product
• B)advertise product
• C)purchase of product by a customer
• D)shipment of product to a store

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Definitions:

Secured Short-Term Loan

A loan that is backed by collateral and has a maturity period of one year or less.

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Factoring Of Receivables

The sale of a business's accounts receivable to a third party, at a discount, for immediate cash.

Accounts Receivable Period

The typical duration for an enterprise to gather owed payments from its customers.