A Quick Strategy Used by Developing Countries to Acquire New

question 52

Multiple Choice

A quick strategy used by developing countries to acquire new technology is through

• A)imitation.
• B)innovation.
• C)tariffs.
• D)acquisition.

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Definitions:

Procurement Cards

Payment cards issued to employees to make purchases on behalf of their organization, streamlining the purchasing and accounting processes.

Closed-Loop MRP

A material requirement planning system that not only plans manufacturing activities but also provides feedback on the execution against this plan.

Master Production Schedule

A plan for the production of finished goods that drives material requirements planning, detailing quantities and the timing of production.

Capacity

The maximum level of output that a system, facility, or organization can produce or handle under normal operating conditions.