Which Step Comes First in Sales and Operations Planning

question 6

Multiple Choice

Which step comes first in sales and operations planning?

• A) master scheduling
• B) material requirements planning
• C) production activity control
• D) vendor order management

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Definitions:

Markdown

A reduction from the original selling price of products or services, often used to clear inventory or boost sales.

Liquidity Reduction

A decrease in the ease with which assets can be converted into cash without significant loss in value.

Cost of Goods Sold

An accounting term representing the direct expenses related to producing or purchasing the goods sold by a company during a given period.

Amortization

The process of gradually paying off debt over a period of time through scheduled, pre-determined payments.