The Attempt by Companies to Reduce the Amount of Products

question 48

Multiple Choice

The attempt by companies to reduce the amount of products that end up in a land fill by repairing returned goods or finding new buyers for products that are unwanted by retailers has what type of supply chain?

• A)closed-loop
• B)open-loop
• C)open-shop
• D)sustainable-loop
• E)closed-shop

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Definitions:

Net Margin

A financial metric that shows the percentage of revenue remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.

Sales

The process of selling goods or services to customers in exchange for money or other compensation.

Net Margin

A profitability metric calculated as net income divided by revenue, expressed as a percentage, indicating how much of each dollar in revenues is translated into profits.

Sales

The activity or business of selling goods or services to customers.