Management of the Network of Facilities and People That Obtains

question 65

Multiple Choice

Management of the network of facilities and people that obtains materials from the outside, transforms them into products, and distributes the products to customers is called

• A) Collaboration.
• B) Switching costs.
• C) Cooptation.
• D) Customer service.
• E) Supply chain management.

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Definitions:

Derivatives

Financial instruments whose value is derived from the value of an underlying entity such as an asset, index, or interest rate.

Corporate Form

Corporate form refers to the legal structure of an organization as a corporation, which is a legal entity distinct from its owners, with its rights, privileges, liabilities, and regulations.

Business Ownership

The legal right or status of possessing a company or trade, encompassing sole proprietorships, partnerships, corporations, and other entity structures.

Advantages

Benefits or favorable aspects that contribute to achieving success in a certain context, often used to compare options in decision-making processes.