_____ Portals Automate the Business Processes Involved in Purchasing Products

question 35

Multiple Choice

_____ portals automate the business processes involved in purchasing products between a single buyer and multiple suppliers.

• A) Distribution
• B) Corporate
• C) Affiliate
• D) Intranet
• E) Procurement

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Definitions:

Net Income

This refers to the total profit of a company after all expenses and taxes have been deducted from total revenue.

Variable Cost

Costs that vary in proportion to the volume of goods or services produced, such as materials and labor.

Fixed Costs

Definition: Business expenses that remain the same regardless of the level of production or sales.

Break-Even Point

The moment when the sum of all expenses matches the sum of all income, resulting in neither a profit nor a loss.