Instructions: Please Define the Following Key Terms

question 24

Essay

Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-Mosaic law

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Definitions:

Push Manufacturing

A production strategy where goods are produced in anticipation of customer demand, based on forecasts, leading to potential stockpiling or inventory costs.

Actual Customer Orders

Purchase requests made by customers for goods or services, representing real demand rather than forecasted sales.

Push Manufacturing

A type of production strategy where products are made in anticipation of customer demand based on forecasts, leading to stockpiling.

Estimated Customer Demand

An approximation of the quantity of a product or service that consumers will purchase in a specified period.