To Ensure That Inventories of Both Raw Materials and Finished

question 53

Multiple Choice

To ensure that inventories of both raw materials and finished goods are sufficient to meet customer demand without undue delay,firms utilize sophisticated ________________.

• A)Just-in-time (JIT) inventory control systems
• B)Materials requirement planning (MRP)
• C)Exclusive dealing
• D)Exclusive territory
• E)Tying contract

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Definitions:

Time Limit

A fixed or defined duration within which an activity, task, or project must be started or completed.

Visualizing Success

The practice of mentally envisioning a successful outcome to help achieve goals.

Handle Any Situation

The capability or readiness to manage or deal with all possible occurrences or circumstances effectively.

Best Business Attire

The most appropriate and professional clothing selected for business environments or events.