Inventory Needs Under a Derived-Demand Inventory System Are

question 28

Multiple Choice

Inventory needs under a derived-demand inventory system are:

• A)primarily dependent upon the competitive demands placed on a firm's suppliers.
• B)based on the anticipated demand for the finished product.
• C)based on minimizing the cost of restocking inventory.
• D)held constant over time.
• E)determined by a kanban system.

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Definitions:

Transcontinental Railroads

Railroads that span a continent, historically significant in promoting trade, travel, and settlement across vast distances.

Agricultural Region

An area that is primarily engaged in and suited for farming and agricultural activities due to its natural resources, climate, and soil conditions.

Tax Rates

The rate at which a person or a company is subject to taxation.

Inflation

The jump in the average price tag of goods and services, contracting the realm of purchasing possibilities.