Supply Chain Velocity Refers to

question 71

Multiple Choice

Supply chain velocity refers to

• A) how fast the transportation vendor is
• B) how fast the company pays the supply chain vendors
• C) how fast the purchasing department responds to a request
• D) the speed at which a product moves through a pipeline from the manufacturer to the customer
• E) the speed at which the warehouse is able to crossdock a shipment

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Definitions:

General Sales Tax

A tax imposed on sales of goods and services, generally calculated as a percentage of the selling price and collected at the point of sale.

Tax Structure

The system or arrangement of taxes levied by a government, including rates, bases, and the rules governing tax liabilities.

Excise Tax

A specific tax levied on certain goods, services, or transactions, often with the aim of reducing consumption or generating revenue.

Elastic Demand

A situation where the demand for a product changes significantly when its price changes.