The Integration of Two or More Activities to Plan, Implement

question 109

Multiple Choice

The integration of two or more activities to plan, implement, and control the efficient flow of raw materials, in-process inventory, and finished goods from the point of origin to the point of consumption is called:

• A)marketing management.
• B)resource management.
• C)logistics management.
• D)total quality management.
• E)production management.

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Definitions:

Commission

A form of compensation typically in the sales field, where an employee is paid a percentage of the sales they generate or deals they close.

Manufacturer's Branch Office

An office or division of a manufacturing company located separately from its main operations, typically to perform regional functions like sales, support, or distribution.

Full-Service Wholesaler

A wholesaling entity that provides a wide range of services to its customers, including storage, delivery, and product and market information.

Producer's Inventory

Refers to the goods and materials that a producer has in stock which are ready or will be ready for sale.