MRP Will Be a Preferred Method Over JIT When the

question 12

Multiple Choice

MRP will be a preferred method over JIT when the

• A)demand for inventory is fairly predictable.
• B)demand for inventory is mostly unpredictable.
• C)product has a short life cycle.
• D)None of the above are correct.

---

Definitions:

Specialty Products

Products that feature unique attributes distinguishing them from others in the market, motivating consumers to make special purchasing efforts.

High Perceived Value

The extent to which a product or service is regarded by a consumer as being worthy or beneficial, often relative to its cost.

Price

Price is the amount of money expected, required, or given in exchange for something else, such as a product or service.

Prestige

The reputation or high standing of something or someone, often acquired through quality, achievements, or exclusivity.