Early Supplier Involvement Refers to the Involvement of Critical Suppliers

question 42

Multiple Choice

Early supplier involvement refers to the involvement of critical suppliers for what?

• A) Strategic planning
• B) Assembly line design
• C) Speedy delivery planning
• D) Selection of new suppliers
• E) New product design

---

Definitions:

Utilization

The extent to which a resource, such as equipment, space, or labor, is being used effectively and efficiently.

Excess Capacity

The situation in which a company can produce more products or services than currently demanded by the market.

High Fixed Costs

A financial condition where a business or operation has a high proportion of expenses that do not vary with the volume of production or sales.

Low Variable Costs

Operating conditions where costs that vary with production levels, like materials and labor, are minimal.