_____ Are Products That Extend Current Product Lines to Current

question 28

Multiple Choice

_____ are products that extend current product lines to current markets.

• A) New-to-the-world products
• B) New-to-the-firm products
• C) Additions to existing product lines
• D) Improvements and revisions of existing products

---

Definitions:

Carrying Inventory

The practice of holding goods in stock, representing a current asset on a company's balance sheet.

Running Out Of Inventory

A situation where a business depletes its stock of products, potentially leading to missed sales opportunities and customer dissatisfaction.

Materials Requirement Planning

A production planning, scheduling, and inventory control system used to manage manufacturing processes.

Just-In-Time Inventory

An inventory management strategy that aligns raw-material orders with production schedules to minimize inventory costs and reduce waste.