Which of the Following Statements Holds True for Production Planning

question 47

Multiple Choice

Which of the following statements holds true for production planning and control?

• A)It refers to the process of forecasting, pricing, and customer segmentation.
• B)It refers to the process of purchasing, supplier selection, and supplier-base rationalization.
• C)It refers to the process of managing raw materials and finished goods.
• D)It refers to the process of aggregate planning, workforce scheduling, and factory operations.
• E)It refers to the process of establishing the facility location and formulating a distribution strategy.

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Definitions:

Parent Company

A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.

Contractual Arrangement

An agreement between entities to do or not do specific things, legally binding and enforceable.

Forward Integration

A business strategy where a company gains ownership or increased control over its distributors or retailers.

Apple

A leading technology company known for its innovation in consumer electronics, software, and services.