The Cost of the Business Process Is the Sum of the Cost

question 84

Multiple Choice

The cost of the business process is the sum of the cost of the inputs and the ________.

• A)cost of the activities
• B)cost of the outputs
• C)value of the outputs
• D)value of the products

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Definitions:

Channel Conflict

A situation where channels of distribution for the same product or service are in competition, or when sales channels cannibalize each other's sales or impede each other's revenue.

Distribution Coverage

The extent to which a product or service is made available and accessible to customers within a particular market area.

Vendor-Managed Inventory

A supply chain management practice where the supplier assumes responsibility for maintaining an inventory at the buyer's location, often optimizing stock levels and reducing costs.

Channel Practices

The strategies and methods businesses use to distribute their products or services through various marketing channels to the end customer.