An organization that facilitates the return of products and how money is made out of it. Concept Introduction: A return facilitator could be defined as a specialist in entertaining operations of reverse logistics. This process provides services to manufacturers when a customer intends in returning a product with the amounts paid being recovered. The mechanism also facilitates appeals made by customers on warranty and service guarantee related matters. It further facilitates the rework of products that are not accepted by the customer and the delivery of the reworked goods.

Question

Want to see the full answer?

Answer 1

Question

Chapter 12, Problem 10PA

Summary Introduction

Interpretation:An organization that facilitates the return of products and how money is made out of it.

Concept Introduction:

A return facilitator could be defined as a specialist in entertaining operations of reverse logistics. This process provides services to manufacturers when a customer intends in returning a product with the amounts paid being recovered. The mechanism also facilitates appeals made by customers on warranty and service guarantee related matters. It further facilitates the rework of products that are not accepted by the customer and the delivery of the reworked goods.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Your aunt Nokhona completed her dentistry studies at Sefako Makgatho Health Sciences Universitynot long ago. She has been operating her dental practice for six months now. She knows you arestudying financial management and she asks you to help her identify possible items of monetary andnonmonetary information she should include in her monthly report. In assisting her, she needs to knowitems to include and examples so that she gets a better understanding.

4- Cash flow statement of any company shows the net cash inflow and outflow during a period of time. Which of the following activities are considered while making cash flow statement? a. Cash flow from investing activities b. All of the options c. Cash flow from financing activities d. Cash flow from operating activities

John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…