Which of the Following Includes the Planning, Execution, and Control

question 40

Multiple Choice

Which of the following includes the planning, execution, and control of all activities involved in raw material sourcing and procurement, conversions of raw materials to finished products, and the warehousing and delivery of finished products to customers?

• A)enterprise resource planning
• B)supply chain management
• C)customer relationship management
• D)materials requirement planning

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded by consumers.

Inelastic Demand

A situation where the demand for a good or service is relatively unresponsive to changes in price.

Total Revenue

The total income received by a firm from sales of its products or services.

Increase

A rise or growth in quantity, size, number, or some other measure.