Following Basically the Same Process That You'd Use to Buy

question 71

Multiple Choice

Following basically the same process that you'd use to buy a product on eBay,a(n) _____ manager uses the Internet to buy parts and supplies.

• A)materials
• B)operations
• C)automation
• D)purchasing

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Definitions:

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource, commonly applied in economics.

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding other inputs constant.

Variable Input

A variable input is one whose amount can be adjusted in the short term to either raise or lower output levels.

MRP

Acronym for Marginal Revenue Product, which measures the addition to total revenue resulting from the sale of the output produced by one more unit of a variable input.