Managing the Sequence of Suppliers and Purchasers,covering All Stages of Processing

question 89

Multiple Choice

Managing the sequence of suppliers and purchasers,covering all stages of processing from obtaining raw materials to distributing finished goods to final consumers is known as:

• A) manufacturing operations
• B) customer relationship management (CRM)
• C) supply chain management
• D) networking
• E) None of these choices.

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Definitions:

Tax Liability

The total amount of tax owed to the tax authorities by an individual, organization, or company at any given time.

Optimal Size

Optimal size is the most efficient scale of operation for a firm where it can minimize its cost and maximize its profitability.

Synergy

The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time, used in capital budgeting to assess the profitability of an investment.