When Demand and Lead Time Are Constant,reorder Point Is the Demand

question 2

True/False

When demand and lead time are constant,reorder point is the demand during lead time.

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Definitions:

Externalities

Economic side effects or consequences that affect someone other than the buyer or seller, can be positive or negative.

Incentives

Motivations or rewards that influence the actions and behaviors of individuals or organizations.

External Benefit

A positive effect or advantage that results from a transaction or activity but benefits a third party who is not directly involved in the transaction.

Social Value

The importance or worth of something to society, considering factors beyond mere economic gains, like environmental sustainability and social equity.