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question 39

Multiple Choice

_{10. A is a performance appraisal process in which feedback is obtained from the boss, subordinates, peers}
And co-workers, and the employees themselves.

• A) 360-degree feedback
• B) performance appraisal iteration
• C) reciprocal appraisal
• D) grapevine appraisal
• E) circular feedback program

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Definitions:

Lot Size

The quantity of inventory items that a company orders or produces in a single production run or order, affecting inventory costs and management strategies.

Product Differentiation

A marketing strategy that involves distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Pull Phase

A stage in supply chain management where production and distribution are driven by actual demand rather than forecasted demand.

Postponement

A strategy of delaying the final production or distribution of a product until customer orders are received to reduce inventory costs and increase customization.