Which of the Following Strategies Allows the Manufacturing or the Distribution

question 93

Multiple Choice

Which of the following strategies allows the manufacturing or the distribution of the final product to be delayed until the customer order is received?

• A)demand planning
• B)postponement
• C)order production
• D)order fulfillment

Understand the role and implications of nonexcludable and nonrival goods in a market economy.

Comprehend the use and impact of cost-benefit analysis in public decision making.

Identify the characteristics and challenges of managing common resources.

Understand the concept of marginal social benefit (MSB) and how it is calculated for different members in a society.

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Definitions:

Bananas

A tropical fruit with soft, creamy flesh, protected by a yellow or green peel, widely consumed worldwide and rich in nutrients.

Utility Function

A mathematical model representing consumer preferences, used to explain how consumers allocate their spending.

Budget Constraint

Represents the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.

Income

The monetary payment received for goods or services, or from investments, typically measured per period like annually or monthly.