Which of the Following Is NOT One of the Primary

question 17

Multiple Choice

Which of the following is NOT one of the primary ways a company can reduce its inventory investment?

• A)expand sales
• B)forecast sales more accurately
• C)find more reliable suppliers
• D)eliminate bottlenecks in the production process

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Definitions:

Substitutes In Production

Products that can be produced using the same resources or processes as another product, allowing producers to switch between them based on market demand or cost considerations.

Fixed Resources

Assets and inputs in the production process that cannot be easily increased or decreased in the short term, such as land and machinery.

Producer

An individual, company, or entity that creates goods or provides services to satisfy consumer demand.

Genetically Modified Seeds

Seeds that have been modified in the laboratory using genetic engineering techniques to possess certain desired traits, such as increased resistance to pests or herbicides.