The Connected Chain of All of the Business Entities,both Internal

question 160

Multiple Choice

The connected chain of all of the business entities,both internal and external to the company,that perform or support the logistics function is known as the:

• A) channel of distribution
• B) intermediary link
• C) physical distribution integration
• D) reseller network
• E) supply chain

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent or salaries.

Factory Overhead Cost Budget

An estimate of expected factory overhead costs for a specific period, used for planning and controlling manufacturing expenses.

Total Variable Cost

The sum of all costs that vary directly with the level of production, including materials, labor, and other expenses that increase with greater output.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including expenses like leases, wages, and insurance coverage.