In the Context of Internet-Enabled Supply Chain Management (SCM),handling Returned

question 35

Multiple Choice

In the context of Internet-enabled supply chain management (SCM) ,handling returned goods and out-of-stock notifications to customers is part of _____ activities.

• A)order processing
• B)customer service
• C)production scheduling
• D)inventory management

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market equilibrium.

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and free entry and exit.

Free Entry

A market condition where there are no barriers to entering an industry or market, allowing any firm to compete without restrictive licenses, patents, or regulations.

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogeneous products, and the absence of barriers to entry, leading to optimal price and output levels.