The Objective of the Aggregate Operations Plan Is to Minimize

question 40

True/False

The objective of the aggregate operations plan is to minimize the cost of resources required to meet demand over the intermediate term of 3 to 18 months.

---

Definitions:

Merchandising Organisations

Businesses that purchase finished goods for resale, making profits through buying and selling activities without manufacturing.

Intangible Outputs

Outputs or results of a process that cannot be physically touched or measured in traditional ways, often relating to services, experiences, or intellectual property.

Upstream Costs

Expenses incurred in the early stages of production, such as exploration and extraction in the oil and gas industry; they can include costs associated with locating natural resources and preparing them for processing.

Merchandising Entity

A business that purchases finished goods for resale, making a profit on the difference between buying and selling prices.