Why Do Firms Like Walmart and Procter & Gamble Create

question 12

Multiple Choice

Why do firms like Walmart and Procter & Gamble create supply chain partnerships?

• A)These firms are chain stores,and they need supply chains
• B)Supply chains make inventory management more efficient
• C)Supply chains make database designs more efficient
• D)Supply chains allow the firms to be more independent

---

Definitions:

Revenue

The sum of money earned from the sale of products or services central to the business's main activities.

Prepaid Expenses

Payments made in advance for goods or services to be received in the future, recorded as assets on a balance sheet and expensed over time as the goods or services are consumed.

Costs Paid

Expenses that a company has incurred and settled through payment.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is actually received or paid out, ignoring receivables and payables.