Which of the Following Techniques Has the Reorder Point Based

question 67

Multiple Choice

Which of the following techniques has the reorder point based on each inventory item's sales rate?

• A) cyclical reordering
• B) reorder point (ROP) analysis
• C) ABC analysis
• D) EOQ models

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Definitions:

Retailers

Businesses or persons that sell goods directly to consumers for personal use.

Defensive Pessimists

Individuals who employ a strategy of anticipating negative outcomes in order to manage expectations and prepare for challenges.

Optimists

Individuals who generally expect positive outcomes and focus on the most hopeful aspects of situations.

Obtain Similar Goals

The process of aiming for and achieving objectives that closely match or align with one's desires or aspirations.