The Concept of an On-Demand Enterprise Is Based on the Premise

question 36

Short Answer

The concept of an on-demand enterprise is based on the premise that manufacturing or service fulfillment operations will start only after an order is received. This approach is referred to as ___________________.

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Definitions:

Gross Profit

The financial metric representing the difference between revenues and the cost of goods sold, indicating the basic profitability of a company's core operations.

Operating Expenses

Costs associated with running a business's day-to-day operations, excluding costs related to producing goods or services.

Inventory System

A system for tracking a company's goods and materials, managing the process of ordering, storing, and using the company's inventory.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board for global use.