Which of the Following Is a Function of Operations Applications

question 29

Multiple Choice

Which of the following is a function of operations applications?

• A)tracking the order through fulfillment
• B)creating and maintaining bill of materials
• C)recording individual sales projections
• D)tracking product interests of customers

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Definitions:

Markdown

The reduction of a product's selling price, often to clear inventory or promote sales.

Mark-up

An enhancement to the price at which goods are bought to include expenses and profit.

Selling Price

The amount of money a buyer pays to purchase a product or service from a seller.

Mark-up

The uplift on the initial cost of items to cover business overheads and secure earnings.