Table 24-6 The Table Below Pertains to Napandsnack, an Economy in Which

question 321

Multiple Choice

Table 24-6
The table below pertains to Napandsnack, an economy in which the typical consumer's basket consists of 2 pillows and 15 hotdogs.
-Refer to Table 24-6. If the base year is 2009, then the consumer price index was

• A)100 in 2009, 115 in 2010, and 116 in 2011.
• B)100 in 2009, 115 in 2010, and 135 in 2011.
• C)100 in 2009, 120 in 2010, and 116 in 2011.
• D)120 in 2009, 125 in 2010, and 135 in 2011.

---

Definitions:

Product Availability

The extent to which goods are in stock and readily accessible for purchase by consumers.

Measures

Quantitative or qualitative assessments used to evaluate performance, quality, or quantity of something.

Supplier Lead Time

The time duration between when an order is placed with a supplier and when the ordered goods are actually received, critical for inventory management and planning.

Safety Inventory

Extra stock kept on hand to buffer against potential supply chain disruptions, ensuring that demand can be met without delay.