Identify the Activity in the Value Chain That Involves Receiving

question 69

Multiple Choice

Identify the activity in the value chain that involves receiving and handling of raw materials and other inputs to the product.

• A) inbound logistics
• B) procurement
• C) operations
• D) outbound logistics

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Definitions:

Year 2

A fictional or unspecified second year in a sequence or period being referred to, often relative to a specific context or event.

Absorption Costing

A method of costing that takes into account all expenses of production, including direct materials and labor, and both kinds of manufacturing overheads, variable and fixed, in determining a product's cost.

Operating Income

Income generated from a company's primary business operations, excluding deductions of interest and taxes.

Year 2

Typically refers to the second year of a given period, plan, or study, often used in financial and academic contexts.