In the Portfolio Matrix,characteristics of Goods and Services in the Bottleneck

question 8

Multiple Choice

In the portfolio matrix,characteristics of goods and services in the bottleneck quadrant are:

• A)item substitution and switching are difficult,but many available suppliers can meet the technical or capacity needs.
• B)item substitution and supplier switching are possible,and several sources of supply are readily available.
• C)item substitution and supplier switching are difficult because few suppliers are available with the capability to meet the unique specification requirements.
• D)substitution is possible,but switching suppliers is difficult even though many suppliers are available.
• E)substitution and supplier switching are relatively easy,but few suppliers have the technical expertise.

Understand the basic concepts and principles of operant and classical conditioning.

Distinguish between primary and secondary reinforcers as well as positive and negative reinforcement.

Recognize the role and effects of punishment in behavior modification.

Describe the process and implications of conditioned responses, including extinction and spontaneous recovery.

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Definitions:

Dependent Demand

Refers to the demand for components or raw materials that is driven by, and directly related to, the demand for the finished goods they contribute to.

Independent Demand

The need for a product or service that is not influenced by the demand for other products, often applied in inventory management and forecasting.

Inventory

The raw materials, work-in-process products, and finished goods considered to be part of a business's assets that are ready or will be ready for sale.

Inventory Carrying Cost

The total expenses associated with holding inventory, including storage, insurance, taxes, opportunity costs, and potential obsolescence.