Trends That Have Led to the Supply Chain Concept Include

question 116

Multiple Choice

Trends that have led to the supply chain concept include all of the following except:

• A)Modern organizations are focusing on their core competencies.
• B)Modern organizations are concentrating on becoming more agile and flexible.
• C)Modern organizations are buying their suppliers in order to have more transparency along the supply chain.
• D)Modern organizations are relying on other companies to supply necessary goods and services.
• E)Modern organizations are relying on an increasing number of suppliers.

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Definitions:

Break-even Point

The point at which total revenues equal total costs, and the business makes neither a profit nor a loss.

Fixed Expenses

Fixed expenses that are unaffected by the volume of manufacturing or sales activities, and include items like rental costs, employee salaries, and premiums for insurance.

Monthly Advertising Budget

The allocated amount of spending for advertising activities planned for a month.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit but before interest and taxes.