Which One of the Various Stages of Sophistication and Robustness

question 1

Multiple Choice

Which one of the various stages of sophistication and robustness associated with supply chain analytics focuses on questions such as what is likely to happen, what are the likely trends, and what are the results if certain events occur?

• A) Descriptive
• B) Predictive
• C) Prescriptive
• D) Cognitive

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Definitions:

Break-even Quantity

The number of units that must be sold to cover all costs, after which profit begins to be generated.

Advertising Expenses

Costs incurred in promoting a product, service, or brand through various media, including print, online, television, and outdoor advertising.

Contribution Margin

The amount of revenue from sales that exceeds variable costs, providing a measure of the ability of a company to cover its fixed costs and contribute to profit.

Break-even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain.