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Zolol [24]
2 years ago
15

Define the term supply chain and explain what scm systems attempt to do. What does supply chain simplification entail?

Business
1 answer:
geniusboy [140]2 years ago
7 0

ANSWER:

the sequence of processes involved in the production and distribution of a commodity

EXPLANATION:

SCM attempts to centrally control or link the production, shipment, and distribution of a product. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster.Supply chain simplification is a straightforward concept in theory. It essentially means making the processes involved in supplying a product or service to customers less complicated.

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The correct answer to 1 is the ability to easily raise financial capital.

A sole proprietor is limited to the cash that they personally have, so this is a disadvantage when they need additional capital for the business.

The correct answer to 2 is that their personal property can be used to pay debts.

A partnership is personally responsible for the debts of the company. If the company owes money and cannot pay it, the partners that own the business are personally responsible.

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3 years ago
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Answer:

Explanation:

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3 years ago
How companies can link their compensation and evaluations to organizational objectives?
kicyunya [14]

Answer:

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3 years ago
In the theory of perfect competition, the assumption of easy entry into and exit from the market implies:_____.
Hitman42 [59]

The assumption in perfect competition that there is an easy entry and exit from the market implies that firms will make a zero economic profit in the long run.

<h3>Why do firms make a zero economic profit?</h3>

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They take advantage of this to enter a market when prices are high and economic profit is being made.

As more firms enter, the economic profit keeps decreasing as prices decrease until this profit gets to zero and then turns to economic losses.

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The cycle will then repeat itself and keep the companies at a zero economic profit in the long run.

Find out more on perfect competitions at brainly.com/question/1748396

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3 0
2 years ago
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While the organization declares the dividend it will create a liability for the employer. legal responsibility is already created whilst the dividend is said on 15 July, therefore there may be no want to file the magazine access again on 15 August.

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