Identify the Activity in the Value Chain That Involves Receiving

question 48

Multiple Choice

Identify the activity in the value chain that involves receiving and handling of raw materials and other inputs to the product.

• A) inbound logistics
• B) procurement
• C) manufacturing
• D) outbound logistics
• E) optimized ordering

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Definitions:

Tax Levied

A core financial duty or diversely defined levy enacted on a taxpayer by a government branch to facilitate the financing of government and the wide array of public sector spending.

Seller Receives

The final amount a seller gets after transaction costs, taxes, or any deductions when a good or service is sold.

Taxes Levied

Charges imposed by governments on individuals or entities to fund government spending on public services and infrastructure.

Tax Burden

The total amount of tax levied on an individual or entity, indicating the actual economic impact of taxation on wealth.