A Company That Has Regular Replenishments of Small Value Items

question 6

Multiple Choice

A company that has regular replenishments of small value items such as a grocery store would use the system.

• A) Order Point
• B) Materials Requirements Planning
• C) Push
• D) Kanban
• E) Periodic Review

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Definitions:

Consumer Segment

A specific group of customers targeted based on similar needs, preferences, or demographic profiles.

Sales

The entire income earned by a company from selling its products or services over a certain time frame.

Net Operating Income

Net Operating Income (NOI) is the total revenue from operations minus operating expenses, excluding taxes and interest.

Break-Even Points

The point at which total costs and total revenue are equal, resulting in no net loss or gain for a business.