Which of the Following Is a Philosophy of Providing Customers

question 109

Multiple Choice

Which of the following is a philosophy of providing customers with superior products and services?

• A) Just-in-time (JIT) inventory management
• B) Enterprise resource planning (ERP)
• C) Supply chain management
• D) Total quality management

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Definitions:

Net Income

The total profit of a company after accounting for all expenses and taxes; also known as net earnings or net profit.

Cash Receipts

The monetary amounts received by a company during a specific period for goods sold, services provided, or any other business activities.

Bank Loan

A sum of money borrowed from a bank that must be repaid with interest over a predetermined period.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.