Implementing a Production Plan Involves All of the Following Steps

question 113

Multiple Choice

Implementing a production plan involves all of the following steps EXCEPT _____.

• A)creating a feasible budget
• B)controlling inventory
• C)selecting the best suppliers for materials
• D)deciding whether to make,buy or lease components

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Definitions:

Value Chain

A model that describes the full range of activities needed to create a product or service, from conception through distribution and after-sales service.

Overall Strategy

A comprehensive plan that outlines an organization's major goals and how it plans to achieve them over a long period.

Primary Activities

Activities in the value chain that are directly involved in the creation of a product or service, transformation, delivery, and after-sales service.

Information Management

The process of collecting, storing, managing, and distributing information in an effective and secure manner.