A series of key activities and processes are involved in the _________ management.Select one:a.Human resourceb.Marketingc.Financiald.Supply chain
Question
A series of key activities and processes are involved in the _________ management.
Select one:
- a. Human resource
- b. Marketing
- c. Financial
- d. Supply chain
Solution
To answer the question regarding the activities and processes involved in management, let's analyze the options given:
-
Human resource management: This involves recruiting, training, and developing employees, as well as managing employee relations and benefits.
-
Marketing management: This focuses on promoting products or services, understanding market needs, and developing strategies to reach customers.
-
Financial management: This deals with managing a company’s finances, including budgeting, forecasting, and analyzing financial performance.
-
Supply chain management: This encompasses the processes involved in the production and delivery of products, including sourcing, production, logistics, and distribution.
Conclusion:
The best choice for the blank would be d. Supply chain, as it explicitly refers to a series of key activities and processes essential for the flow of goods and services from the point of origin to the end consumer. Supply chain management involves coordinating and integrating these activities to ensure efficient production and delivery.
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