Managers at Global-Tech,a Manufacturer of Electronic Components,want to Delay the Start

question 23

Multiple Choice

Managers at Global-Tech,a manufacturer of electronic components,want to delay the start of production until the firm receives orders to eliminate inventory holding costs.Global-Tech is most likely engaging in ________.

• A) generic channel functions
• B) service output design
• C) channel gap analysis
• D) postponement
• E) speculation

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Definitions:

Resources

Assets, materials, and inputs needed for the production of goods and services, including natural, human, and capital resources.

Market System

A market-based economic system where decisions about investment, production, and the allocation of goods are driven by the dynamics of supply and demand, with goods and services' prices being freely determined.

Profits

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs associated with maintaining the business.

Demand

The willingness and ability of consumers to purchase goods or services at various prices at a given time.