The Reorder Point of an Item Is Based On

question 12

Multiple Choice

The reorder point of an item is based on:

• A)the rate of use.
• B)the lead time.
• C)automatic shipments.
• D)both a and b.

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Definitions:

Tariffs

Taxes imposed on imported goods and services, aimed at making them more expensive to protect local industries from foreign competition.

Revenue

The total income generated by a company from its business activities, typically from the sales of goods or services before any expenses are deducted.

Break-even

The point at which total costs and total revenue are equal, meaning that a business neither makes a profit nor suffers a loss.

Dumping

The practice of a country or company exporting products at a price lower than the domestic market price, often considered unfair competition.