_____ Is the Ability to Provide Goods and Services to Customers

question 22

Multiple Choice

_____ is the ability to provide goods and services to customers with minimum waste and maximum utilization of resources.

• A) Operational efficiency
• B) Volume flexibility
• C) Reliability
• D) Sustainability

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Definitions:

Biological Assets

Living plants or animals that are used in agricultural production or held for sale, whose value and productivity can change over time due to biological transformation.

Financial Instruments

Transactions that lead to the formation of a financial asset for one entity and, at the same time, a financial liability or an equity tool for a different entity.

Construction Contracts

Agreements for the construction of a specific asset or a group of assets that are closely interrelated or interdependent in terms of design, technology, function, or purpose.

FOB Destination

A shipping term that indicates the seller is responsible for the goods and shipping costs until the merchandise reaches the buyer's location.