Which of the Following Provides Automatic Placement and Withdrawal of Parts

question 145

Multiple Choice

Which of the following provides automatic placement and withdrawal of parts and products into and from designated places in a warehouse?

• A) AGV
• B) CAD/CAM
• C) CIM
• D) ASRS
• E) FMS

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Definitions:

Price Competition

A type of competition where businesses focus on selling products and services at lower prices than their competitors.

Tacit Collusion

A form of collusion among competitors in which they cooperate to achieve higher prices or market share without explicit communication.

Product Differentiation

the process of distinguishing a product or service from others in the market to make it more attractive to a particular target audience.

Price Leadership

A strategy used by a dominant company in a market to set the price of a product or service, which competitors then follow.