The Level of Product Availability

question 54

Multiple Choice

The level of product availability

• A)is also referred to as the customer service level.
• B)is an important component of any supply chain's responsiveness.
• C)increases revenues for the supply chain by increasing sales.
• D)Only A and B are true.

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Definitions:

Classified

Pertains to information, documents, or materials that have been deemed confidential and are restricted to certain levels of access.

Merchandising Company

A type of business that purchases finished goods and sells them to consumers without changing their form.

Gross Margin

A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage. It represents the proportion of each dollar of revenue that the company retains as gross profit.

Local Retailer

A business that sells products directly to consumers in a specific geographical area.