The answer would definitely be A. Scarce is Your Answer
Answer:
Supply chain management.
Explanation:
Supply chain management (SCM) is the structuring and coordination of relationships and activities across firms to deliver value in an information and technology intensive global environment.
Is the management of flows between and among supply chain stages to maximize total supply chain profitability.
All facilities, functions, activities, associated with flow and transformation of goods and services from raw materials to customer, as well as the associated information flow.
An intregated group of processes to source, make and deliver products.
Explain what is the author’s message.
2. Describe present-day organizational planning
3. Explain the relationship between planning and communication.
Answer:
1.Planning is one of the four functions of management that allows a manager to develop and implement strategic action steps aimed at reaching an organizational goal. There are three major types of planning, which include operational, tactical and strategic planning.
2.Organizational planning is the continuous process of systematically making plans with the greatest possible knowledge of the future; organizing the activities needed to carry out the plans; and monitoring the results of the plans through feedback.
3.A communication plan, on the other hand, deals with the specifics at hand.At its most basic, a communication plan is a written account of an intended future course of action, aimed at achieving a specific goal within a predetermined timeframe.
Pros:
1. Increased transparency: Providing information to consumers can help them make more informed choices, leading to better market outcomes.
2. Improved market efficiency: When consumers have access to accurate and relevant information, it can enhance competition and drive efficiency in the market.
3. Consumer empowerment: Information provision can empower consumers to hold businesses accountable and make decisions that align with their preferences and values.
Cons:
1. Information overload: Too much information can overwhelm consumers, making it difficult for them to make optimal choices.
2. Information asymmetry: In some cases, businesses may have more information than consumers, leading to an imbalance of power and potentially exploitative practices.
3. Cost and accessibility: Providing information can be costly, and ensuring that it reaches all consumers, especially marginalized groups, may be challenging.
Factors affecting effectiveness:
1. Quality and accuracy of information: The effectiveness of information provision depends on the reliability and credibility of the information provided.
2. Consumer awareness and understanding: Consumers need to be aware of the information available and have the capacity to understand and utilize it effectively.
3. Regulatory framework: An enabling regulatory environment can support effective information provision by setting standards, enforcing transparency, and promoting fair practices.
Answer:
value its inventory
Explanation:
In the lower of cost or market inventory valuation method, as the name implies, inventory is valued at the lower of original cost or market value.
The lower-of-cost-or-market rule requires a company to record its inventory at the lesser of the cost to produce it or its current market price. This rule helps to prevent the inflation of inventory values and to indicate potential losses due to market price decreases.
The lower-of-cost-or-market (LCM) rule requires a company to record its inventory at the lower of the cost to produce it or the market price. This accounting method is used to prevent the overstatement of the inventory's value. For example, if the cost to produce a product is $2 but its market price drops to $1.65, under the LCM rule, the company should record the inventory at $1.65. This rule is developed to prevent businesses from inflated reporting of their assets and to reflect potential losses in the value of inventory due to decreases in market price, rather than keeping them on the books at unrealistically high costs.
Lower-of-cost-or-market rule, inventory value, and accounting practices are key factors in business finance, especially for companies dealing with physical goods. The goal of this rule is to provide the most accurate picture of a company's financial position.
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Answer: $10.10
Explanation: