One Decisive Advantage That England Had at the Beginning of the Hundred

question 58

Multiple Choice

One decisive advantage that England had at the beginning of the Hundred Years' War was

• A) cannons.
• B) lances.
• C) credit financing.
• D) longbow.
• E) castles.

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Definitions:

Cycle Inventory

Inventory that is held or maintained in the supply chain to facilitate the regular, ongoing production and distribution of goods.

Flow Time

The total time it takes for a product to move through a production process, from start to finish.

Economies of Scale

Cost advantages obtained due to increased production scale, where the cost per unit of production decreases with larger volume.

Cycle Inventory

The inventory a company needs to meet its average sales demand between the arrival of stock replenishments.