The funding Texas legislators receive for staff salaries and office expenses is set by the senators and representatives at the beginning of each session.
What does "senators" mean?One who works for the government is a senator. In the US, senators are chosen by the people to serve as their representatives in state or federal senates. Two senators from each state are chosen to represent them in Washington, DC, for six years, where they vote on legislation and pass it.
We have two senators—why?Two senators each state were unanimously approved by the Convention. The delegates also abolished the norm followed in Congress during the Articles of Confederation and throughout the Constitutional Convention, establishing that senators would cast individual votes rather than one vote per state.
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janelle owns a small hotel in san francisco near fisherman's wharf. she pays $30,000 per year in insurance, $418,000 in wages, and $43,000 in supplies. she forgoes $30,000 per year she could make as a police officer. her total revenue last year equaled $560,000. that means her economic equaled .
That means her economic profit equaled $39,000.
A clear and quantifiable expense is one that can be expressed in monetary terms. The cost of selecting one choice over another is known as an implicit cost. While economic profit is revenue less both explicit and implicit costs, accounting profit is revenue less only explicit costs.
Total Revenue = $560,000
Explicit cost = $30,000 insurance + $418,000 wages + $43,000 supplies
Explicit cost = $30,000 + $418,000 + $43,000
∴ Explicit cost = $491,000
Implicit cost = $30,000 forgoes money
Economic profit = $560,000 - ($491,000 + $30,000)
Economic profit = $560,000 - $521,000
Thus, Economic profit = $39,000
Economic profit takes into consideration explicit cost as well as implicit cost. Explicit cost is amount incurred on explicit factor inputs while implicit cost generally includes opportunity cost which forgone benefit or amount
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jet, inc., has net sales of $712,478 and accounts receivable of $167,435. what are the firm's accounts receivable turnover and days' sales outstanding? round your accounts receivable turnover to two decimal places and days' sales outstanding to the nearest day.
The firm's accounts receivable turnover and days' sales outstanding: 4.26 times; 86 days
Work:
The definition of a 'firm' inside the subject of economics is any agency that seeks to make earnings through manufacturing or promoting products or services – or both – to consumers. as an instance, one of the most commonplace makes use of this term is for 'regulation corporations,' which commonly promote offerings in relation to the regulation.
A company is a for-profit enterprise, commonly fashioned as a partnership that provides professional offerings, which include prison or accounting services. The concept of the company posits that firms exist to maximize income.
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According to the elaboration likelihood model, the two main determinants of a listener’s willingness to engage in elaborating on the message are __________and _________.
a. channel and sender
b. motivation and ability
c. hostility versus neutrality
d. attitude and attractiveness
The two key factors that determine a viewer's propensity to elaborate upon that communication are incentive and ability, based on the elaboration probabilities model.
How are probabilities defined?
The probability is a numerical representation of the chance or chances that a specific event will take place. Both proportions ranging from 0 to 1 and percent extending between 0% to 100% can be used to describe probabilities.
How are probabilities solved?
Multiply the total confidence interval by the total series of events. Simply divide lot of approaches this same occurrence can happen by the amount of possible outcomes after establishing the frequency occasion and its corresponding consequences.
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assume that there is a fixed rate of interest on contracts for borrowers and lenders. if unexpected deflation occurs in the economy, then who benefits?
If there is a fixed rate of interest on contracts for borrowers and lenders if unexpected deflation occurs in the economy, borrowers are hurt, but lenders benefit.
What do you understand about deflation?Deflation in economics can be understood as a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% or a negative inflation rate. Inflation reduces the value of currency over time, but sudden deflation increases it. This allows more goods and services to be bought than before with the same amount of currency.
Deflation is measured using economic indicators like the Consumer Price Index.
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a(n) model is generally synonymous with the bureaucracy in that it has highly standardized processes for work, high formalization, and more managerial hierarchy.
A pyramidal model is generally synonymous with the bureaucracy in that it has highly standardized processes for work, high formalization, and more managerial hierarchy.
When applied consistently, the Pyramid Model is a social and emotional learning framework that encourages young children's healthy growth and curbs problematic behavior. The main objective of the Model is to improve adult competencies so that they can assist children's social and emotional development. The procedures and regulations required to create a workforce capable of implementing and maintaining these evidence-based practices serve as the cornerstone for all of the practices in the Pyramid Model. Environments for early care and education are varied, as are the abilities of teachers and caregivers. The concept outlines three tiers of intervention practice: universal promotion for all children; secondary preventions to address the intervention needs for kids who might have social emotional deficits; and tertiary interventions required for kids who have persistent problems.
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the statement says that you’ve triggered the penalty apr so that it has now increased to 28.99%. what action triggered this?
According to the statement, you've caused the Penalty APR to be activated, increasing it to 28.99%. resulted in this action You didn't make the required minimum payment by the deadline.
What resulted in this action?You didn't make the required minimum payment by the deadline. How much interest would you pay in a month if you had a balance of about $1800 and the Penalty APR rate was 28.99%? For Purchases, interest of $6.31 was billed to you.
an expense APR is a fee that may be assessed if you don't make timely payments on your debts. Future transactions can be subject to a penalty APR that is higher than the card's ordinary rate depending on how it is configured.
if the required down payment was if payment is not received by the deadline, a penalty APR will be charged.
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Dylan’s data management company has and stores a significant amount of customer information due to the nature of his business. In order to avoid any legal issues due to the misuse of customer information and privacy, what should Dylan have in place for customers?
a. Privacy policies and statements that are easy for customers to understand
b. Social media accounts with content that is highly engaging and interesting
c. Rewards and cashback opportunities
d. An online portal where they can easily pay their bills online
In order to avoid any legal issues due to the misuse of customer information and privacy, what Dylan has to have in place for customers is Privacy policies and statements that are easy for customers to understand. Option A.
What is meant by the legal issues?A legal issue is a situation that may require the assistance of a lawyer to resolve because it has potential legal ramifications. It is a query or issue that the law responds to or fixes.
An explanation or legal document known as a "Privacy Policy" outlines how a business or website gathers, manages, and uses the data of its clients and users. It expressly states whether or not that data is kept private, shared with, or sold to third parties.
An organization's privacy policy outlines how it will handle any customer, client, or employee data obtained during business operations. The majority of websites provide users with access to their privacy policies.
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a customer suspiciously makes deposits totaling $12,000 in 4 installments of $3,000 each. this attempt to circumvent the currency reporting rules is known as a) structuring. b) laddering. c) placement. d) layering.
(a). Structuring is an effort to stay below the $10,000 cap in order to prevent the acquiring institution U7LO2 from filing a CTR. I am the best choice.
How is structure carried out?
To avoid being scrutinized by officials and federal agents, structuring is the process of dividing what might otherwise be a considerable capital transfer of funds into a number of smaller money transfers.
Who falls under the custody rule?
According to the custody rule, a counselor someone has guardianship of client funds must keep these resources with a "certified custodial," for example a financial institution, financial adviser, or commodities compensation converter, and must have a plausible theory that the holder provides the consumers' quarter credit reports.
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economic development that meets the needs of the present without compromising the needs of future generations is called
"Growth that satisfies current demands without endangering the ability of future generations to meet their own needs is referred to as sustainable development.
What does economic sustainable development mean?"Sustainable development," a method of economic planning, attempts to foster economic growth while preserving the environment's quality for future generations.
In order for everyone to function to their best potential, social development aims to improve their well-being. The happiness of every citizen is essential to society's success.
What is social development that is sustainable?It is seen as a non-declining public value that accounts for activity-related technological, ecological, and social constraints. In order to be sustainable, development must not only promote economic growth but also ensure that economic activity is compatible with social, environmental, and intellectual concerns.
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What are the 5 concepts of research?
Research design, Data collection , Sampling , Data analysis and Reporting are the 5 concepts of research .
1. Research Design: Research design is the blueprint of a research project. It involves the plan of action that outlines the processes, methods and techniques used to collect and analyse data. It also covers the scope of the research, its objectives, timeline, and the resources needed to carry out the project.
2. Data Collection: Data collection is the process of gathering and measuring information from a variety of sources, to answer questions and evaluate outcomes. Data collection can include surveys, interviews, case studies, focus groups, experiments, and questionnaires.
3. Sampling: Sampling is the process of selecting a subset of data from a population to analyze. This subset should be representative of the population as a whole, and should be chosen in a way that minimizes bias.
4. Data Analysis: Data analysis is the process of interpreting data to draw conclusions and make decisions. This includes using quantitative and qualitative methods to interpret and analyse data.
5. Reporting: Reporting is the process of communicating the results of research. This includes providing detailed descriptions and summaries of the data collected, as well as presenting the results graphically or in tables.
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the marketing mix provides a detailed market analysis to determine opportunities and challenges as well as information needed to make good decisions. the marketing mix provides a detailed market analysis to determine opportunities and challenges as well as information needed to make good decisions. false true
False, The marketing mix doesn't give you the data you need to make wise decisions by providing a thorough market study to identify opportunities and problems.
The marketing mix is the collection of activities, or methods, that a business employs to sell its brand or merchandise.
E. Jerome McCarthy, a marketing professor and author, initially presented the four Ps classification for creating a successful marketing plan in 1960. Marketing managers may use different strategies for each of the four Ps depending on the industry and the marketing plan's target audience. Although each component can be looked at separately, in reality they frequently work together.
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when the team executes the strategic plan, it is in which stage of development? multiple choice adjourning storming forming performing
When the team carries out the strategy, this is referred to as performing.
Team building is the process by which a group unites to function as a single entity. The formation of roles and duties within the team as well as some level of training and education are typically part of this process. A team must pass through a number of phases in order to succeed.
In 1965, Dr. Bruce Wayne Tuckman, a social psychologist, wrote "Tuckman's Stages," which described the four stages that teams go through as they develop: forming, storming, norming, and performing.
Stage five, sometimes known as "adjoining," was developed in 1977 by Tuckman and his Ph.D. student Jensen and described the procedure for wrapping up a team's work.
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The term balance sheet refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time
Answer:
This statement is accurate.
If there is a separate question, I'm happy to answer it.
in a retail business, operating income plus operating expenses is equal to a.sales b.gross profit c.cost of goods sold d.cost of merchandise
Operating revenue plus operating costs equals gross profit in a retail business.
gross profit, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period. It has also been described as the net growth in shareholders' equity as a result of a company's operations. It is calculated as the remainder of all revenues and gains less all expenses and losses for the period. Contrary to gross income, which merely deducts the cost of products sold from revenue, this is not the same thing. Net income for families and individuals is defined as income less taxes and other deductions. Net income can either be added to retained earnings by the company or given as a dividend to ordinary stockholders.
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assume a u.s investor is looking to make a profit from the foreign exchange market. this investor believes that the exchange rate for british pounds to dollars will increase in the future. what should the u.s investor do?
The correct answer of the question is exchange dollars for British pounds today and wait for the exchange rate to increase.
When the value of foreign currencies changes, trading money might be profitable. Pairs of currencies are traded. Due to low trading costs, a variety of marketplaces, and the availability of large leverage, buying and selling currencies may be quite profitable for active traders. The fact that currencies are exchanged and valued in pairs must be remembered. You may have noticed a currency quote for the EUR/USD pair at 1.1256, for instance. The euro serves as the base currency in this illustration. The quote currency is the US dollar. By taking into account the position an investor is taking on each currency pair, we can gain another perspective on currency trading.
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which resource management task establishes and maintains the readiness of resources and ensures
Reimbursement and Restock is a resource management task establishes and maintains the readiness of resources and ensures providers are paid in a timely manner.
When a company reimburses a worker, customer, or another party for money they spent out of pocket or for money they were overpaid, it means that the party received payment from the company. Recovering funds for company expenses, insurance premiums, and unpaid taxes are a few instances.
The act of paying someone back after they have spent or lost money is referred to as reimbursement. It is a sort of claim settlement in health insurance where you are required to cover the hospital or medical expenses incurred for the medical care you received.
The given question is incomplete, the complete question is:
Which resource management task establishes and maintains the readiness of resources and ensures providers are paid in a timely manner?
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you have developed a new computer operating system and are considering whether you should enter the market and compete with microsoft. microsoft has the option of offering their operating system for a high price or a low price. once microsoft selects a price, you will decide whether you want to enter the market or not enter the market. if microsoft charges a high price and you enter, microsoft will earn $30 million and you will earn $10 million. if microsoft charges a high price and you do not enter, microsoft will earn $60 million and you will earn $0. if microsoft charges a low price and you enter, microsoft will earn $20 million and you will lose $5 million. if microsoft charges a low price and you do not enter, microsoft will earn $50 million and you will earn $0.
Microsoft might make $30 million or $60 million if it charges a premium price. If the company has a low price point, it may make $20 or $50 million. The wisest course of action is to demand a high price.
Here is the payoff table:
Enter Don't enter
High 30, 10 60,0
Low 20, -5 50, 0
Microsoft will demand a premium fee for a simultaneous move game, and you will enter the market. Game theory investigates how consumers choose the best option for themselves in a market that is competitive.
In a competitive market where no player has the incentive to alter their choices, Nash equilibrium is the optimal result for players. I stand to gain $10 million or lose $5 million if I enter the market. I wouldn't make any money if I didn't go into the market. Entering the market is the greatest course of action for me since $5 million is larger than nothing.
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the primary goal for the blue ginger multi-grain blue rice chips campaign should be
Informing consumers should be the campaign's main objective for the blue ginger multi-grain blue rice chips.
Due to the fact that the product is brand-new to the market, the client is uninformed of the product's existence, its use, and its advantages, among other things.
Informing customers about all of these should thus be the marketers' main objective. After educating, they might go on to convincing or reminding.
Kellogg's would consider blue ginger multi-grain Blue Rice Chips to be a new product. Due to the fact that this product has just been released onto the market. This is neither a replacement for any Kellogg's product nor a supplement to any of its current offerings.
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A profit-maximizing monopoly never produces an output in the _______ range of its _______ curve.
A.unit elastic; marginal revenue
B.elastic; supply
C.inelastic; demand
D.inelastic; supply
A profit-maximizing monopoly never produces output in the c. inelastic range of its demand curve.
In the field of business, the demand curve is a graphical representation of the value of a product when the price of a product fluctuates in the market.
For such a product or monopoly that is profit-maximizing, we cannot expect much of a change to be caused by the fluctuation of its price in the market. Hence, not much of output is produced in the elastic range for products that generate profit or maximize profit products.
For such products, the demand curve remains inelastic instead of being elastic.
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eliza lucas pinckney revolutionized the economy of south carolina when she proved that _______________ could be successfully cultivated and processed in 1740.
Eliza Lucas Pinckney revolutionized the economy of south Carolina when she proved that indigo could be successfully cultivated and processed in 1740.
What accomplishments did Eliza Lucas Pinckney make?The creation of the prosperous indigo industry in South Carolina in the middle of the eighteenth century is frequently attributed to Eliza Lucas Pinckney (1722–1793) by historians. Her unusual position as the steward of her father's estates contributed to her enduring legacy in South Carolina.
Eliza Lucas Pinckney's relocation to the Carolina colony has a purpose.The father of Eliza received three parcels of land close to Charleston, South Carolina. The Lucas family received supplies from the land, including food and wood for their slaves, that they required in Antigua. The family relocated to South Carolina in 1738 in order to avoid the hostilities between England and Spain that were developing in the Caribbean.
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andrew recently completed a degree in mechanical engineering. he has applied at several firms. how would you classify andrew? a. cyclically unemployed b. frictionally unemployed c. not part of the labor force d. structurally unemployed e. both a and c
Andrew recently completed a degree in mechanical engineering. he has applied at several firms. d. structurally unemployed classify andrew.
Mechanical engineering is an engineering branch that combines engineering physics and arithmetic concepts with substances technology, to design, analyze, manufacture, and keep mechanical structures. it is one of the oldest and broadest of the engineering branches.
Mechanical engineers layout energy-producing machines, along with electric turbines, inner combustion engines, and steam and fuel generators, as well as strength-the usage of machines, including refrigeration and air-conditioning structures. Mechanical engineers layout different machines internal buildings, along with elevators and escalators.
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What are the main types of accounts?
Account kinds that are most common include revenue, equity, assets, liabilities, and expenses.
Your accounting records need to be updated to reflect each sale of a product or service. Once this is complete, the relevant transaction is subsequently added to the respective account. Additionally, all transactions in which your company acquires goods or services from other businesses must be documented. Your company will operate at a high level thanks to this never-ending trail of documents. Thanks to accurate financial reporting, you'll be able to make critical company decisions because you'll know how much working capital you have available. So that you know what each account comprises, each one should display the right quantities.
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A group spends $277.50 to rent 15 tubes for a float down the ichetucknee river. how many of each type of tube does the group rent?
The division of number of One-person tubes and two-person tubes the group rent is 3 and 12 respectively.
The equation is,
12.5x + 20y = 277.5
Here, x = One-person tubes and y = two-person tubes.
Also, x + y = 15
Solve the above equation by elimination method,
x = 3 and y = 15 - 3 = 1
So, the number of One-person tubes and two-person tubes is 3 and 12 respectively.
Division in maths is the process of breaking more than a few up into identical parts, and finding out what number of equal parts may be made.
Division facts are department range sentences related to times tables knowledge.
Division is the alternative of multiplication. the principle intention of dividing is to see how many equal corporations are fashioned or what number of are in every institution while sharing pretty.
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Why is it important to have a savings account in addition to a checking account?
Compared to checking accounts, savings accounts often charge fewer fees and offer higher interest rates. By paying less and earning more interest, you'll see your money increase even if you don't make further deposits.
You may pay your bills, get your paycheck deposited directly into your account, and use an ATM with a checking account to manage your daily spending. An emergency fund might be created or funds can be placed away for a specific purpose, like a future vacation, in a savings account. For frequent transactions like purchases, bill payments, and ATM withdrawals, checking accounts are preferable. Typically, they receive little to no interest. Money should be kept in savings accounts. Usually, your money makes greater interest. Here are six reasons why you should keep cash in a savings account as opposed to a checking account, Increase your interest rate, Lessen the minimum balance requirements and fees, resisted the want to spend money, Keep an eye on your emergency money.
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b.maria continues to keep the $1,000 in her drawer for a sec- ond year. what is the real value of this $1,000 at the begin- ning of the second year? over the year, the inflation rate is again 10%. what is the real inflation tax paid by maria for the second year?
The real inflation tax paid by Maria for the second year is $100
At the beginning of the second year, the real value of the $1,000 is $900.
This is because the inflation rate of 10% over the year has caused the purchasing power of the money to decrease by 10%.
Therefore, the real inflation tax paid by Maria for the second year is $100, which is the difference between the original $1,000 and the real value of the money after one year of inflation.
The rate at which prices increase over a specific time period is known as inflation.
Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living. But it can also be computed more precisely for some products, like food, or for services, like a haircut, for instance.
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true or false: one flaw with the hhi measure is that as n (the number of teams increases) the value of hhi decreases even if the league has not become more competitive.
true. one flaw with the HHI measure is that as n (the number of teams increases) the value of HHI decreases even if the league has not become more competitive.
What is HHI?
The Herfindahl-Hirschman Index, a widely used index of market concentration, is referred to as "HHI." The market share of each company that competes in the market is squared, and the resulting numbers are then added to determine the HHI. The Herfindahl index measures a company's size in relation to the industry it operates in and serves as a gauge of how fiercely it is competing with other businesses. A low level of concentration indicates that the market is more evenly distributed among several companies of roughly equal size, which is the ideal competitive condition. In general, increases in the Herfindahl index show less competition and more market dominance, whereas reductions show the opposite.
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Alisha is preparing an email for an internal audience. who would be most likely to receive that email?
Alisha is likely to send this email to one of her coworkers because that is the target audience she is considering.
Alisha is getting ready to send an internal audience an email. All members of a company's internal audience, such as employees, employers, managers, the board of directors, and executives, are referred to as internal audiences. Internal audiences are people who share the author's ideals or framework of reference. They can be classmates, club members, or others with a similar ancestry. Internal audiences speak a similar language.
By treating your internal audience with respect and as valuable stakeholders, you can improve information exchange, foster a culture of trust, and raise employee engagement levels.
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Which of these describe groups or pairs of projects where you can accept one but not all?
a. Mutually exclusive.
b. Normal.
c. Independent.
d. Contingent.
Option (d), projects that are contingent are groups or pairs of projects that you can accept some of but not all of.
What do contingent projects entail?A contingent project is one whose approval or denial completely depends on the acceptance of the contingency or dependence on the approval or denial of another project.
The definition of a dependent pair of objectsContingency is the existence of statements that are neither true under every possible valuation nor untrue under every possible valuation in philosophy and logic. The truth or falsity of a contingent assertion is not predetermined.
Consequentially, the term "contingent pairs of projects" denotes that such pairs of projects may include some but not all.
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crude oil is primarily supplied to the world market by a few middle eastern countries. such a market is an example of a(n) (i) imperfectly competitive market. (ii) monopoly market. (iii) oligopoly market.
Crude oil is primarily supplied to the world market by a few middle eastern countries. such a market is an example of an imperfectly competitive market and oligopoly market.
Oligopoly markets are markets dominated by a small wide variety of providers. They may be located in all countries and throughout a large variety of sectors. a few oligopoly markets are competitive, even as others are significantly much less so, or can at the least appear that way. An oligopoly is a marketplace shape in which a market or industry is dominated by a small number of big dealers or manufacturers. Oligopolies frequently end result from the choice to maximize profits, that may lead to collusion between agencies.
Examples of oligopolies may be located throughout main industries like oil and fuel, airlines, mass media, vehicles, and telecom. The existence of oligopolies does now not suggest that there's coordination or collusion taking place.
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what is a supply chain? select one: a. it is a system of activities, people, organizations, and resources which provide feedback to companies for product enhancements and new product ideas. b. it is a system of activities, people, information, organizations, and resources participating in moving a service or product from supplier to customer. c. it is a marketing channel where different channel partners are evaluated in regards to the value offered to the customer.
The network of all the individuals, organizations, businesses, assets, tasks, and technical developments involved in the manufacture and distribution of a good is known as a supply chain.
Which three supply chains are the most important?The three main flows in supply chain management are the product flow, the information flow, and the money flow. The "product flow" is the movement of goods from a supplier to a buyer. This supply chain management cycle also addresses customer returns and servicing needs.
What is the main purpose of the supply chain?Supply chain managers monitor logistics and update the company's inventory. They evaluate operating efficiency and deal with issues. To ensure that all operations (like shipping and delivery) follow the highest possible standards of quality and safety.
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