Maintaining a Constant Production Level in a Firm Has the Advantage

question 51

Multiple Choice

Maintaining a constant production level in a firm has the advantage of:

• A) Minimizing the amount of inventory held.
• B) Allowing a stable employment level.
• C) Meeting customers' changing expectations in terms of demand volume.
• D) Supporting the organization's move to JIT (just-in-time).
• E) Allowing the firm to compete successfully as a differentiator.

Understand the sourcing and procurement functions within an organization.

Know the impact of managing inventory and logistics on customer satisfaction.

Distinguish the roles and responsibilities of purchasing managers, including supplier selection and performance management.

Comprehend different types of inventory costs and their implications on business operations.

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Definitions:

Motivation Enhancement

A therapeutic technique designed to increase an individual's motivation to change behavior by exploring and resolving ambivalence.

Functional Analysis

A behavioral assessment technique that seeks to understand the causes and consequences of specific behaviors.

Antecedents

Factors or conditions in a person's background or environment that precede and contribute to their patterns of behavior.

Substance Use Behaviors

Patterns or practices of using drugs, alcohol, or other substances, whether recreational or problematic.