Which of the following best defines the order-to-cash cycle?
a.
It is the time gap between purchase of raw materials and manufacturing of the final product.
b.
It is the amount of time between the cancellation of an order by a customer and the approval of cancellation.
c.
It is the amount of time between order placement and receipt of the customer's payment following order shipment.
d.
It is the time delay between the packaging of an order and the consumption of the product.
Answer: c.
It is the amount of time between order placement and receipt of the customer's payment following order shipment.