Lag from Ordering an Item Until It Is Received and Ready

question 21

Multiple Choice

lag from ordering an item until it is received and ready for use or sale is referred to as

• A) order cycle time.
• B) order handling time.
• C) order-to-ship duration.
• D) purchase cycle.
• E) logistics cycle.

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Definitions:

Mixers

Devices used to blend or mix substances together, often found in kitchens or bars for preparing food or cocktails.

Productive

Describes a state or quality of producing a significant amount of output per unit of input, often associated with efficiency and effectiveness in economic terms.

Capital

Resources and assets, such as buildings, machinery, and equipment, used to produce goods and services.

Average Total Cost

The total cost of production divided by the number of goods produced; it consists of both fixed and variable costs.