What Tools Do Retailers and Manufacturers Use to Match Production

question 68

Multiple Choice

What tools do retailers and manufacturers use to match production to consumer expectation and to allocate products to stores?

• A)production planning
• B)demand forecasting
• C)inventory control
• D)sales forecasting

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Definitions:

Reporting Structure

The hierarchical framework within an organization that defines who reports to whom, outlining the flow of information and accountability.

Max Weber

A German sociologist, philosopher, and political economist, known for his theories on the development of modern society, particularly relating to bureaucracy, religion, and economics.

Technical Rules

Technical rules refer to the specific, detailed regulations and guidelines that govern processes, operations, or activities within particular fields or industries.

Social Security

A government-run program providing financial assistance to individuals during retirement, disability, or upon the occurrence of other specified conditions, aiding in economic stability.