Moving Products Through Various Stages in the Value-Added Process Often

question 17

Multiple Choice

 Moving products through various stages in the value-added process often involves linking suppliers,manufacturers,distributors,and consumer and business end-users of goods and services into _____ channels. 

• A) lateral
• B) vertical
• C) horizontal
• D) parallel

---

Definitions:

Inventory

All raw materials, components, completed or partially completed products, and pieces of equipment a firm uses.

Formal Operational Thought

The stage of cognitive development, according to Piaget, characterized by the ability to think abstractly, logically, and systematically.

Diagram

A simplified drawing or plan that represents information or a concept in a visual way, using symbols, shapes, and lines.

Satire

A genre of literature or performance that uses humor, irony, or exaggeration to criticize or mock.