Demand Is Not Uniform and Stock Must Be Built Ahead

question 5

Multiple Choice

Demand is not uniform and stock must be built ahead. It is better to plan a buildup of____________ inventory based on capacity and future demand.

• A) WIP
• B) transportation
• C) multiples of
• D) anticipation

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Definitions:

Republic of the Transvaal

A historical 19th-century Boer state in Southern Africa that gained independence from the United Kingdom in 1852 until its annexation after the Second Boer War.

Orange Free State

A historical Boer state in southern Africa that existed from 1854 to 1902, becoming a British colony thereafter.

Suez Canal

A man-made waterway in Egypt, opened in 1869, connecting the Mediterranean Sea to the Red Sea, significantly reducing travel time for maritime trade between Europe and Asia.

European Powers

Refers to the leading nations in Europe, particularly during the colonial and imperial periods, known for their significant influence and control over global affairs.