The Situation When Inventories Are Held at More Than One

question 151

Multiple Choice

The situation when inventories are held at more than one location in a company's outbound distribution supply chain is referred to as:

• A)A-B-C classification for inventory management.
• B)order up to level inventory management.
• C)economic production quantity inventory planning.
• D)multi-echelon inventory management.
• E)basic economic order quantity inventory model.

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Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy are willing to sell at a given overall price level in a given time period.

Real GDP

The production of goods and services valued at constant prices.

Credibility

The quality of being trusted and believed in, often based on a reputation for honesty and reliability.

Indexed

A term referring to the adjustment of income, benefits, or prices in accordance with changes in a price index, typically to preserve purchasing power.