The Costs of Setting Up a Production Run or Placing

question 221

Multiple Choice

The costs of setting up a production run or placing an order are called:

• A) Carrying costs.
• B) Restocking costs.
• C) JIT costs.
• D) EOQ costs.
• E) Derived demand costs.

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Definitions:

Outputs

The results or signals that come out of a system, device, or program, typically as a response to inputs.

Sequencer

A control function or device that executes a series of events or operations in a predetermined order.