Drelex, a Jute Bag Manufacturing Company, Checks the Consistency and Quality

question 25

Multiple Choice

Drelex, a jute bag manufacturing company, checks the consistency and quality of all the raw materials before forwarding them to the production department. This is done to ensure that the bags produced are tough and strong. Which of the following types of control is being implemented by the company?

• A) Feedback control
• B) Output control
• C) Throughput control
• D) Concurrent control
• E) Feedforward control

Describe the effects of aging on the nervous system and memory.

Comprehend the role of the limbic system in processing and integrating sensory information, especially related to emotions and memory.

Understand the importance of neural plasticity in memory formation and learning.

Understand fundamentals and purposes of various legal letters (demand, opinion, informative, confirmation).

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Definitions:

Target Pricing

A pricing strategy where the selling price is determined based on the estimated price a consumer is willing to pay, rather than on the cost of production or the market average.

Prestige Pricing

A pricing strategy where goods are priced higher than normal to invoke perceptions of quality and exclusivity, aimed at attracting status-conscious consumers.

Cost-Plus Pricing

Summing the total unit cost of providing a product or service and adding a specific amount to the cost to arrive at a price.

Yield Management Pricing

A strategic pricing approach used in industries like airlines and hotels, where prices are adjusted in real-time based on demand, with the aim of maximizing revenue.