The Net Result of the Difference Between the Total Value

question 91

Multiple Choice

The net result of the difference between the total value added and the total costs incurred is the ________ of the value chain.

• A) actual value
• B) total margin
• C) gross revenue
• D) gross turnover

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Definitions:

Specialized Landscaping

The practice of designing, installing, and maintaining outdoor spaces with a specific focus, such as sustainable gardens, wildlife habitats, or drought-tolerant plants.

MRP

Material Requirements Planning, a production planning, scheduling, and inventory control system used to manage manufacturing processes.

ERP

stands for Enterprise Resource Planning, which is a type of software that organizations use to manage and integrate important parts of their businesses.

SCM

Stands for Supply Chain Management, which involves the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.