The Practice of Purchasing Other Companies Within One's Supply Chain

question 16

Multiple Choice

The practice of purchasing other companies within one's supply chain which is predicated on the notion that a company's profits can be maximized by owning one's supplier is known as _______________.

• A)transfer purchasing.
• B)supply chain management.
• C)vertical integration.
• D)profit integration.

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Definitions:

Exchange Rate

The worth of a currency when exchanging it for another currency.

Australian Dollars

The official currency of Australia, represented by the symbol AUD.

Exchange Rate

The value of one currency for the purpose of conversion to another.

Australian Dollars

Australian Dollars (AUD) is the currency used in Australia, represented symbolically as A$ or AUD.