Match the Following Business Types with Each Business Listed Below

question 213

Multiple Choice

Match the following business types with each business listed below. Each may be used more than once.
-A hospital

• A)Service business
• B)Manufacturing business
• C)Merchandising business

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Definitions:

Kits

Assembled sets of components or materials prepared for immediate use or further assembly.

Dependent Demand

A demand for items that occurs as a direct result of demand for other items. It is typically calculated rather than forecasted, such as components or raw materials required for producing a final product.

Quantity Required

The total amount of materials or products needed to fulfill a specific purpose, task, or production requirement.

Reduced Inventory Levels

Refers to the strategy of keeping the stock of goods to a minimum to reduce holding costs and increase efficiency.