American Apparel Produces In-House All the Products That It Sells

question 93

Multiple Choice

American Apparel produces in-house all the products that it sells through its network of stores.It has a function in its value chain that controls the transmission of physical materials through the value chain,from procurement through production and into distribution.For American Apparel,that function is

• A)human resources.
• B)finance.
• C)marketing.
• D)logistics.
• E)research and development.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in a given year at constant prices.

Net Taxes

The net amount of money paid to the government through taxes after deducting any government transfers or subsidies received.

Supply-Side Economics

An economic theory proposing that by lowering taxes and reducing regulations to stimulate production, economic growth is achievable.

Aggregate Supply

The overall volume of goods and services that companies in a nation expect to provide for purchase during a certain timeframe.