One Way in Which Contract Manufacturing Is Used Is to Subcontract

question 16

True/False

One way in which contract manufacturing is used is to subcontract assembly work or the production of parts to subsidiaries overseas.

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Definitions:

Daily Demand

The total requirement or desire for a product or service on a daily basis.

Computers

Electronic devices designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results.

Expected Value

The sum of all possible values each multiplied by its probability of occurrence.

Binomial Distribution

A probability distribution that models the number of successes in a fixed number of independent Bernoulli trials with the same probability of success.