Factor

question 12

Multiple Choice

Factor:

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Definitions:

Seasonal Inventory

Stock that is kept to meet the seasonal demand of products, which can vary throughout the year based on changes in customer behavior or events.

Demand Variability

Fluctuations in customer demand over a period, affecting inventory levels, supply chain strategies, and production schedules.

Sourcing Decision

The process of choosing suppliers or sources for goods and services, considering factors like cost, quality, reliability, and relationship.

Outsource

The practice of contracting work out to an external organization rather than performing it in-house.