What Allows an Organization to Reduce the Cost and Time

question 20

Multiple Choice

What allows an organization to reduce the cost and time required during the design process of a product?

• A) Supply chain event management
• B) Selling chain management
• C) Collaborative engineering
• D) Collaborative demand planning

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Definitions:

Economic Conditions

The state of the economy at a given time, including factors like inflation, unemployment rates, and economic growth.

Return On Total Assets

A financial metric that measures the profitability of a company relative to its total assets, indicating how efficiently a company uses its assets to generate profit.

Net Income

The amount of money that remains after all operating expenses, taxes, and costs have been subtracted from total revenues.

Net Sales

Revenue from sales reduced by customer discounts, returns, and allowances.