In Order to Estimate Production Requirements, We

question 78

Multiple Choice

In order to estimate production requirements, we

• A)add beginning inventory to projected sales in units and subtract desired ending inventory.
• B)add projected sales in units to desired ending inventory and subtract beginning inventory.
• C)add beginning inventory to desired ending inventory and divide by two.
• D)add beginning inventory to desired ending inventory and subtract projected sales in units.

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Definitions:

Intangible

Describes products or services that cannot be seen, touched or physically measured, such as expertise or an insurance policy.

Brand Managers

Individuals responsible for developing and implementing strategies to increase the value and performance of a specific brand, product, or product line.

Sales Promotion

A strategy to increase interest in, or demand for, a product or service, often through discounts or special offers.

Public Relations

Refers to the professional maintenance of a favorable public image by a company or other organization or a famous person.