Use the Table Below to Answer the Following Questions

question 8

Multiple Choice

Use the table below to answer the following questions.
Table 21.3.1
Suppose a simple economy produces three goods only.
The price and output data for some selected years are shown below.

-Refer to Table 21.3.1.The reference base period is 2012.The CPI in 2012 is

• A)100.
• B)157.
• C)129.
• D)64.
• E)153.

Recognizing the importance of order cycle variability and safety stock in inventory management.

Grasping the broad concept of customer service in logistics and marketing.

Understanding the application and impact of Activity-Based Costing (ABC) in customer service management.

Understand the SCOR model and its applications in supply chain processes.

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Definitions:

Supplier Switching Costs

The costs associated with changing from one supplier to another, including financial, time, and effort expenses.

Acquisition Costs

The total costs incurred to acquire an asset or service, including the purchase price and all associated expenses.

Leverage/Commodity Items

The strategic use of commodity items, which are basic goods used in commerce that are interchangeable with other goods of the same type, to gain an advantage in negotiations or cost efficiency.

Bottleneck Items

Goods or components in the supply chain that slow down production or delivery due to their limited availability or high demand.