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

question 160

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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:

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Definitions:

Implicit Costs

The opportunity costs that are not directly paid for or incurred during the production of a good or service.

Average Total Cost

The complete expenditure of manufacturing (incorporating steady and fluctuating expenses) divided by the aggregate volume of goods produced.

Output

The total quantity of goods or services produced by a company, sector, or economy within a given period.

Revenues

The total income generated by a business or an economy from its operational activities, such as the sale of goods or services before any expenses are deducted.

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