Redipartz Is a Supplier of Electronics Components to a Variety

question 9

Multiple Choice

Redipartz is a supplier of electronics components to a variety of manufacturers.It offers its important customers the convenience of sequential delivery.Redipartz and its major customers are likely to make use of:

• A)ERP.
• B)MRP.
• C)MRP II.
• D)PERT.

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Definitions:

High-cost Producer

A producer or company which has higher costs of production compared to competitors, often due to inefficient processes or higher input costs.

Low-cost Producer

A manufacturer or service provider with a competitive advantage allowing them to offer goods or services at a lower price than competitors, often due to operational efficiencies.

Consumer Surplus

The variance between the aggregate amount consumers can and will pay for a good or service versus the amount they actually spend on it.

Producer Surplus

is the difference between what producers are willing to accept for a good or service versus what they actually receive.