To Manage Inventories in Globally Supply Chains,companies ______

question 51

Multiple Choice

To manage inventories in globally supply chains,companies ______.

• A)must have a clear understanding of the nature of their business operations
• B)must apply the same tools used to manage inventories in domestic supply chains
• C)must have an isolated ERP system
• D)must be less dependent on technology

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Definitions:

APC

Average Propensity to Consume, which measures the fraction of income spent on consumption out of the total income.

Disposable Income

Financial endowment to households for the purpose of spending and saving after mandatory tax deductions.

Consumption

The use of goods and services by households. It represents the end-use of products and is a primary component of aggregate demand in an economy.

Disposable Income

The allocation of funds households have to spend and save, after income tax adjustments.