Figure 4-26 -Refer to Figure 4-26.Which of the Following Movements Would Illustrate

question 100

Multiple Choice

Figure 4-26
-Refer to Figure 4-26.Which of the following movements would illustrate the effect in the market for chocolate chip cookies of an improved high-speed mixer that allows bakers to produce cookies in less time?

• A)Point A to Point B
• B)Point C to Point B
• C)Point C to Point D
• D)Point A to Point D

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Definitions:

Gross Requirements Plan

A schedule that specifies the amount and timing of future material and component requirements necessary to fulfill the production plan.

Net Requirements Plan

An output of the manufacturing planning process that identifies the quantity and timing of future material or product demands based on current inventory levels and scheduled supply.

MRP II

Manufacturing Resource Planning, an integrated method of operational and financial planning for manufacturing companies, an evolution of Material Requirements Planning (MRP).

MRP

Material Requirements Planning; a system for planning and managing inventory levels, production schedules, and purchasing needs in the manufacturing process.