Responsive Supply Chains Would Be Preferred When

question 83

Multiple Choice

Responsive supply chains would be preferred when

• A) product variety is low.
• B) demand is predictable.
• C) contribution margins are low.
• D) product variety is high.

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Definitions:

Work in Process

Inventory items that are in the production process but are not yet completed goods, often abbreviated as WIP.

Factory Overhead

Indirect costs related to manufacturing, including utilities, depreciation of equipment, and salaries of supervisors.

Finished Goods

Goods that are fully manufactured and prepared for sale to consumers.

Cost of Goods Sold

The total direct costs attributable to the production of goods sold in a company.