Match the Terms with Their Correct Meanings

question 78

Multiple Choice

Match the terms with their correct meanings.

-Ring of muscles between the esophagus and the stomach

• A)feces
• B)incisor
• C)LES
• D)peristalsis
• E)glycogen
• F)insulin
• G)palate
• H)portal vein
• I)hydrochloric acid
• J)lipase
• K)parotid gland
• L)protease

Analyze the impact of demand uncertainty on supply chain management.

Identify strategies to achieve strategic fit within a company's supply chain.

Understand the principles of supply chain responsiveness and efficiency.

Recognize the importance of strategic fit between competitive and supply chain strategies.

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Definitions:

Total Output

The total quantity of goods or services produced by an economy, firm, or manufacturing process within a specific time period.

Units

Basic quantitative measures used in economics and commerce to count, describe, and measure the amount of a product or commodity.

Least-Cost Combination

is an economic principle that firms achieve by using the mix of inputs that minimize their costs while producing a given level of output.

MRP

Marginal Revenue Product; the additional revenue generated by employing one more unit of a resource or factor of production.