Which of the Following Is TRUE

question 20

Multiple Choice

Which of the following is TRUE?

• A)VMI stands for Vertically Managed Inventory
• B)3PL stands for Third Party Leverage
• C)VMI stands for Vendor-Managed Inventory
• D)3PL stands for Three Point Logistics

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Definitions:

Direct Foreign Investment

Investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Technological Knowledge

The information and understanding related to the practical application of tools, machines, materials, and processes used to solve problems or invent new products.

World's Income

The total income generated by all individuals and entities across the globe, often used in comparisons of wealth and economic performance between countries.

Real Outputs

Refers to the actual goods and services produced by an economy, as measured without inflation.