In the ________ Process,goods Are Produced Based on Forecasts and Are

question 10

Multiple Choice

In the ________ process,goods are produced based on forecasts and are stored in a warehouse,and sales orders are then fulfilled from inventory.

• A) configure-to-stock
• B) make-to-stock
• C) make-to-order
• D) engineer-to-order
• E) assemble-to-order

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Definitions:

Marginal Revenue Product

The additional income yielded by deploying one more unit of a component, for instance, labor or capital.

Economic Resource

An asset that is used in the production of goods and services, including natural, human, and capital resources.

Product Price

The monetary value assigned to a good or service for sale.

Total Output

The aggregate amount of goods and services produced by an economy over a specific time period.