The Objective of the Majority of Organizations Is to Provide

question 76

Multiple Choice

The objective of the majority of organizations is to provide value to their customers.The activities that support such an objective can be conceptualized as forming a value chain.Within this value chain,logistics plays an important role.Logistics is both inbound and outbound in nature.An example of inbound logistics would consist of

• A)the activities that transform inputs into final products or services.
• B)the activities that help customers to buy the organization's products or services.
• C)the activities that provide post-sale support to customers.
• D)the activities that consist of receiving,storing,and distributing the materials used as inputs by the organization to create goods and/or services it sells.

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Definitions:

Operating Lease

A lease agreement allowing one to use an asset but does not convey rights of ownership of the asset.

Direct Lease

A leasing agreement where the lessor buys the asset chosen by the lessee and then leases it back to them.

Lessor

The party that leases or rents out a property or asset to another party, known as the lessee.

Present Value

The present value of a future amount of money or series of cash inflows, discounted by a particular return rate.