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tangare [24]
3 years ago
8

The supply chain area that is responsible for determining what to buy, how much to buy, and how to manage the suppliers is known

as _____.
Business
1 answer:
trapecia [35]3 years ago
8 0

Answer:

Procurement

Explanation:

The supply chain area that is primarily concerned with what to buy, how much to buy, and how to manage suppliers for optimum service delivery is known as procurement.

<u>The supply chain generally refers to the processes and resources involved in the supply of products or services to the final consumers.  It includes procurement, planning, and logistics.</u>

<em>The procurement has to the with the purchase of materials. It includes the quantity of materials to buy and at what price as well as how to manage relationships with suppliers for the benefit of the firm.  Planning has to do with synchronizing the supply of material with production in relation to the demand for the final product while logistic has to do with optimizing the delivery process to minimize cost and time. </em>

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2013,2014,2015,2016,2017,2018,2019,2020,2021

6 0
3 years ago
A production department's output for the most recent month consisted of 8,900 units completed and transferred to the next stage
Veseljchak [2.6K]

Answer:

The equivalent units of production for the month is 11,850 units

Explanation:

The computation of the equivalent unit is shown below:

= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)

= (8,900 units × 100%) + (5,900 units × 50%)

= 8,900 units + 2,950 units

= 11,850 units

For computing the equivalent units,we have to consider both the units which are mentioned in the question.

7 0
4 years ago
A general decrease in wages will result primarily in the _____ curve shifting to the _____. aggregate demand; left short-run agg
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A general decrease in wages will result primarily in the aggregrate demand curve shifting to the shifting to the right.

<h3>What is the impact in the decrease in wages? </h3>

When there is a decrease in wages, it becomes cheaper to hire labor. As a result, there would be an increase in the demand for labor. This would shift the demand curve for labor to the right.  

The decrease in wages, would shift the long run aggregrate supply curve to the left.

To learn more about the demand curve, please check: brainly.com/question/25140811

5 0
2 years ago
An oligopoly exists when a firm offers a product that has no close substitutes, making the firm the sole source of supply.
Mademuasel [1]

Answer:

B) False

Explanation:

That would be a monopoly (only one supplier).

An oligopoly is a market where there are very few suppliers, and competition is very limited since the barriers to entry are very significant.

For example, the automobile industry is an oligopoly. There are only a few car manufacturers in the world, and they all are very large corporations. It costs hundreds of millions of dollars to introduce a new car model, and every time that happens, the corporations must carry on expensive advertising and promotional campaigns.

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4 years ago
If your license says you must wear corrective lenses, you ____________________________. A. should only wear them when you feel t
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