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Which of the Following Is Usually NOT True About Business

question 167

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Which of the following is usually NOT true about business products?


Definitions:

Demand

The desire and willingness of consumers to purchase goods or services at a given price over a specific time period.

Capacity

Pertains to the highest amount of production a business can maintain for creating a product or delivering a service.

Supply Chain

A network between a company and its suppliers to produce and distribute a specific product to the final buyer, involving the flow of materials, information, and finances.

Efficiency

The degree to which an organization or process accomplishes its intended goals with a minimum of waste, expense, or unnecessary effort.

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