All of the Following Are Opportunities for Small Businesses in the Online

question 47

Multiple Choice

All of the following are opportunities for small businesses in the online world except:

• A) gathering valuable market intelligence
• B) reaching customers outside their geographic region
• C) efficiently trading with other businesses
• D) providing customer support easily and efficiently
• E) improved currency exchange rates from banks

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Definitions:

Portfolio of Suppliers

The diverse group of vendors and suppliers that a company utilizes to procure goods and services necessary for its operations.

Replenishment Lot Size

The quantity of stock ordered to replenish inventory, balancing order costs with storage costs.

Cycle Inventory

The portion of inventory that a company cycles through to fulfill its regular sales orders.

Indirect Materials

Materials used in the production process that do not become part of the final product, such as lubricants and cleaning supplies.