In _________ , the Most Necessary Skills and Knowledge Are

question 135

Multiple Choice

In _________ , the most necessary skills and knowledge are often those involved in
Making things the family can use or that other people will want to buy.

• A) developing countries
• B) developed countries
• C) Australia
• D) the United States

---

Definitions:

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its competitors.

MRP System

Material Requirements Planning System; a computer-based inventory management system designed to assist in production planning and inventory control.

Economic Part Period

A method in inventory management that determines the optimal order size by balancing order costs against holding costs over time.

Time Bucket

A specific period used in planning and scheduling processes to aggregate demand, supply, and other planning data.