In 2012 the Change in Business Inventories Is -$70 Billion

question 139

Multiple Choice

In 2012 the change in business inventories is -$70 billion and GDP is $200 billion.Final sales in 2012

• A)are $130 billion.
• B)are $200 billion.
• C)are $270 billion.
• D)are $340 billion.

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Definitions:

Negotiation Strategies

Approaches taken by supply chain personnel to develop contractual relationships with suppliers.

Keiretsu

A network of interconnected Japanese companies, often family-owned, that form a close-knit alliance to work together and support each other's business.

Competitive Bidding

A procurement process where suppliers submit price bids to win a contract to provide goods or services.

Outsourcing

The business practice of hiring parties outside a company to perform services or create goods traditionally performed in-house.