A Visual Description of the Steps Required to Turn Raw

question 56

Multiple Choice

A visual description of the steps required to turn raw materials into finished products and/or services most accurately defines the term __________.

• A)virtuous circle
• B)culture chain
• C)value chain
• D)product line

---

Definitions:

Safety Stock

Inventory kept on hand to protect against fluctuations in demand or supply, ensuring that there are sufficient units available to meet customer needs.

Reorder Period

The time interval between placing orders for supplies or inventory to replenish stock.

Lead Time

The total time that elapses between the initiation and completion of a process, such as the period from placing an order to delivery of a product.