____ Integration Refers to Acquiring Capabilities at the Front of the Supply

question 17

Multiple Choice

____ integration refers to acquiring capabilities at the front of the supply chain, whereas ____ integration refers to acquiring capabilities toward the back end of the supply chain.

• A)Vertical, horizontal
• B)Upward, downward
• C)Forward, backward
• D)Backward, forward

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Definitions:

Net Income

The residual income of a business following the subtraction of all taxes and costs from the total revenue.

Gross Profit

The financial metric calculated as sales revenue minus the cost of goods sold, indicating the efficiency of a company in producing and selling its goods.

Sales Discounts

Reductions in the sales price offered by a seller to a buyer, often to prompt early payment or bulk purchases.

Accounts Receivable Turnover Ratio

A financial metric indicating how efficiently a company collects cash from its credit customers by measuring how often receivables are collected during a period.