This Is an Approach That Links a Company with Providers

question 19

Multiple Choice

This is an approach that links a company with providers of the raw components it needs to make a product or service, manufacture that product or service, and delivers it to customers.

• A) Customer Relationship Management (CRM)
• B) Supply Chain Management (SCM)
• C) Product Lifecycle Management (PLM)
• D) Enterprise Resource Planning (ERP)
• E) Value Chain Management (VCM)

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Definitions:

Credit Availability

The level of accessibility individuals or businesses have to obtaining loans or credit from financial institutions.

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender.

Average Price

The sum of the prices of all units sold divided by the quantity of units, providing a central value that typifies the price level within a specific market.

Savings And Loan Associations

Organizations that primarily accept savings deposits and distribute loans, including mortgages, to borrowers.