The Philosophy of Material Requirements Planning Is That Materials Should

question 45

True/False

The philosophy of material requirements planning is that materials should be expedited when their lack would delay the overall production schedule and de-expedited when the schedule falls behind and postpones their need.

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Definitions:

Marketing Mix

The set of actions, or tactics, that a company uses to promote its brand or product in the market, typically discussed as Product, Price, Place, and Promotion.

Distribution

The process of making a product or service available for the consumer or business user who needs it, including storage, transportation, and delivery.

Place

In marketing, one of the four P's, referring to the distribution or location strategy for making a product or service available to consumers.

Basic Necessities

fundamental needs required for sustaining human life, including food, water, shelter, and clothing.