A Plan That Specifies Exactly Which Products (Goods and Services)are

question 12

Multiple Choice

A plan that specifies exactly which products (goods and services) are purchased,when products are purchased,and how many products are purchased is a _____ plan.

• A)unit control
• B)dollar control
• C)never-out
• D)financial merchandise

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Definitions:

Supply Chain Network

The system of organizations, people, technology, activities, information, and resources involved in moving a product or service from supplier to customer.

Safety Inventory

A stock of goods or materials kept as a buffer to mitigate the risk of stockouts due to uncertainties in supply or demand.

Demand Uncertainty

The degree of unpredictability or variability regarding customer demand for a product or service, often affecting inventory management and supply chain planning.

Performance Level

A measure of an individual, organization, or system's efficiency, effectiveness, and ability to meet its goals.