Which of the Following Is the Key Benefit Obtained by Using

question 284

Multiple Choice

Which of the following is the key benefit obtained by using technology in supply chain?

• A) Orders can be received online and shipped via online system quickly
• B) Business can quickly tailor their service to customer expectations
• C) Invoicing and payment can be done online improving cash-to-cash cycle time
• D) Display product or service offerings online for easy access to information

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Definitions:

Required Production

The quantity of goods a company needs to produce in a specific period to meet its sales goals and inventory requirements.

Budgeted Sales

Budgeted sales refer to the projected amount of sales (in units or revenue) that a company expects to achieve within a certain period, as outlined in its budget.

Credit Sales

Sales transactions in which the purchase amount is charged to the buyer’s account, to be paid at a later date.

Finished Goods Inventory

The stock of completed products that are ready to be sold to customers.