Supply Management’s Impact on the Bottom Line Includes the Ability

question 35

Multiple Choice

Supply management’s impact on the bottom line includes the ability to increase sales by:

• A)reducing the development time of new products by using cross functional teams including suppliers
• B)obtaining the lowest possible prices
• C)finding suppliers with the fastest delivery times
• D)all of the above
• E)none of the above

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Definitions:

Forward Market

A type of financial market where contracts for future delivery of goods, services, or financial instruments are traded.

Discount

A reduction from the usual cost of something, often used to encourage sales or provided as an incentive for early payment.

Direct Quote

A monetary exchange rate where the domestic currency is quoted per each unit of a currency from another country.

Canadian Dollar

The currency of Canada, symbolized as CAD and often represented by the dollar sign $ or C$ to differentiate it from other dollar-denominated currencies.