_____Includes the Planning, Execution, and Control of All Activities Involved

question 65

Multiple Choice

_____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 product to customers.

• A) Enterprise resource planning
• B) Materials requirement planning
• C) Customer relationship management
• D) Supply chain management

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Definitions:

Operating Expense

Costs associated with the day-to-day operations of a business, such as rent, utilities, and payroll, excluding cost of goods sold.

Purchases Discounts

An allowance given by the seller to the buyer for early payment or for buying in large quantities.

Net Purchases

The total cost of goods bought for resale, after subtracting returns, allowances, and discounts.