A Manufacturing System Uses Sales Forecasts to Plan Production

question 95

Multiple Choice

A manufacturing system uses sales forecasts to plan production. It uses the production plan to determine raw material needs and then uses the material needs to schedule purchases. This ultimately leads to reduced inventory costs. Which of the following is being used to reduce the inventory cost?

• A) linkages
• B) margins
• C) competitive strategy
• D) support activities

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Definitions:

Fewer Concessions

Making minimal compromises or yielding less in negotiations to achieve one's own objectives.

Social Contract

A theoretical agreement within a society in which individuals consent to surrender some freedoms in exchange for protection of essential rights and social order.

Defend

To protect from harm, danger, or challenge through argumentation or physical measures.

Ethics

Principles and standards governing the conduct of individuals or organizations, often reflecting societal values of right and wrong.