Which of the Following Activities Is Included in Supply Chain

question 6

Multiple Choice

Which of the following activities is included in supply chain management?

• A) sales prospecting
• B) bill of materials
• C) inventory management
• D) customer management

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Definitions:

Output Markets

Markets where goods and services produced by businesses are sold to households, government entities, and other businesses.

General Equilibrium

A state in which all markets in an economy are in simultaneous equilibrium, taking into account the interactions between different markets.

Consumer Preference

The tendencies of consumers to favor certain products or services over others based on personal tastes, values, and experiences.

Equilibrium Price

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