________ Is the Term Used to Describe the Use of Outside

question 192

Multiple Choice

________ is the term used to describe the use of outside firms to help move their goods through the supply chain.

• A) Third-party logistics
• B) Multilevel distribution
• C) External logistics
• D) Mediated distribution

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Definitions:

Unit Variable Cost

The cost associated with producing one additional unit of a product, excluding fixed costs.

Price

Price is the amount of money charged for a product or service, or the sum of values that consumers exchange for the benefits of having or using the product or service.

Break-even Point

The level of production or sales at which total costs match total revenue, resulting in no profit or loss.

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.