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Trade and Business Expenses Should Be Treated As

question 110

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Trade and business expenses should be treated as:

Know the principles of network design in global supply chains and how different designs affect flexibility and performance.
Understand the role of cash flow duration changes and information flow adjustments in global supply chains.
Gain insight into the importance of flexibility in the supply chain to address demand fluctuations and supply disruptions.
Grasp the fundamental concepts of financial evaluation in supply chains including discounting cash flows and calculating rates of return.

Definitions:

Habitual Products

Consumer goods that are regularly purchased out of habit, with minimal decision-making process involved.

Psychological Needs

Pertain to the personal gratification consumers associate with a product or service.

Functional Needs

Pertain to the performance of a product or service.

Esteem Needs

Needs that enable people to fulfill inner desires.

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