_____ Schedules the Firm's Output;while _____ Is the Process of Taking

question 127

Multiple Choice

_____ schedules the firm's output;while _____ is the process of taking demand data and developing a supply,production,and logistics network capable of satisfying demand requirements.

• A)​Inventory control….quality control
• B)​Quality control….supply planning
• C)​Order processing….material control
• D)​Demand planning….customer service
• E)​Demand planning….supply planning

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Definitions:

Opportunity Costs

The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.

Inventory

Goods and materials that a business holds for the ultimate goal of resale or processing.

Interest Costs

The expenses incurred by borrowing money or the costs associated with the use of credit.

Multiple Discriminant Analysis

A statistical technique used to classify observations into predefined categories based on a set of predictor variables.