An example of a natural monopoly product would be "Gasoline" because there are several companies who use the one national network. Therefore, gas is a natural monopoly at the distribution stage, but at the retail stage, it is possible to have competition.
Just-in-time manufacturing is the foundation of supply chain management.
<h3>Describe the meaning of
supply chain management?</h3>
It is possible to describe supply chain management as the effective and efficient management of the flow of goods and services as well as all industrial processes involved in converting raw materials into completed items that satisfy consumers' unquenchable want and demand.
In general, supply chain management includes all of the tasks involved in organising, carrying out, and delivering finished products and services from producers to customers. Through the use of an effective inventory system, it is a management framework that is focused on reducing production costs while boosting efficiency between suppliers and customers.
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It is True, that both, current assets and non-current assets should be reassessed in order to determine the market value of a business.
<h3><u>What are current assets and non-current assets?</u></h3>
- Short-term assets, or those that can be swiftly sold and utilised for a company's urgent requirements, are known as current assets. Non-current Assets are long-term and have an operational life of over a year.
- Cash, marketable securities, inventories, and accounts receivable are a few examples of current assets. Long-term investments, real estate, PP&E, and trademarks are a few examples of noncurrent assets.
- Noncurrent assets are often valued at cost minus depreciation whereas current assets are frequently valued at market pricing.
- Profits from the sale of assets held for more than a year are subject to capital gains tax (noncurrent assets).
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The first test case should fail. When all the test results are completed, you will save the test case results
