List the Four Components of GDP

question 206

Essay

List the four components of GDP.

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Definitions:

Supply Chain Functions

Key activities involved in managing the flow of goods, information, and finances from suppliers to consumers, including procurement, manufacturing, distribution, and logistics.

Functional Cost

Relates to expenses directly tied to specific functions or departments within a business, such as manufacturing or marketing.

Supply Chain Uncertainty

The unpredictability in any aspect of the supply chain, including supply, demand, prices, and lead times, which affects planning and operations.

Customer Analytics

The process of analyzing customer data to understand behavior, preferences, and trends to improve business decisions.