Internal Operations Managers Work with What Function to Coordinate Inbound

question 16

Multiple Choice

Internal operations managers work with what function to coordinate inbound and outbound flows of materials and information?

• A)Finance
• B)Purchasing
• C)Marketing
• D)Logistics

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Definitions:

Marginal Utility

The change in satisfaction or benefit derived by consuming an additional unit of a good or service.

Utility

In the field of economics, the complete enjoyment or benefit derived from the consumption of a product or service.

Consumer Surplus

The discrepancy between what consumers are prepared and capable of paying for a product or service and the actual amount they end up paying.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at different prices.