The Operating Cycle Describes How a Product

question 98

Multiple Choice

The operating cycle describes how a product:

• A) is priced.
• B) is sold.
• C) moves through the current asset accounts.
• D) moves through the production process.
• E) generates a profit.

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Definitions:

Strategic Decisions

High-level choices that determine the overall direction of an organization, influencing its long-term performance and success.

Zara

A global fashion retailer known for its fast-fashion business model, achieving rapid inventory turnover and quick adaptation to changing fashion trends through integrated design, production, and distribution processes.

Supply Chain Strategy

A plan for managing all the resources involved in sourcing, producing, and delivering products and services to customers.

Lead Times

The duration between the initiation and the completion of a production process, or the time it takes for an order to be delivered after its placement.