Although Corporations Only Represent 18% of the Number of Businesses

question 61

True/False

Although corporations only represent 18% of the number of businesses they account for about 82% of the dollar value of sales.

---

Definitions:

Stockout Rate

The frequency at which a company experiences an inventory shortage, leading to an inability to fulfill customer orders.

Supply Chain Strategy

A plan of action designed to manage resources, operations, and processes within the supply chain to achieve competitive advantage and customer satisfaction.

Operating Facilities

Operating facilities are physical locations where business and industrial processes or activities are conducted.

Inventory

The quantity of goods or materials in stock, either raw materials, work-in-progress, or finished goods, held by a business.