________________ Is Defined as the Design and Management of a System

question 83

Multiple Choice

________________ is defined as the design and management of a system that directs and controls the flows of materials into, through and out of the firm across national
Boundaries to achieve its corporate objectives at a minimum total cost.

• A) Global goods flow
• B) Global distribution
• C) Global logistics
• D) Global wholesaling
• E) Global shipping

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Definitions:

U.S. Economy

The economic system of the United States, characterized by a mixed economy that supports free market activities while also having government intervention in certain sectors.

Goods And Services

The products (goods) and activities (services) offered in the market for purchase, representing the output of an economy’s production.

Operating Costs

Operating costs are expenses associated with the day-to-day functions of a business, including costs for goods, services, rent, and salaries.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.