A Candy Manufacturer Would Increase Both Efficiency and Effectiveness by Making

question 73

Multiple Choice

A candy manufacturer would increase both efficiency and effectiveness by making ________.

• A)better candy at the same cost
• B)better candy at a lower cost
• C)the same candy at a lower cost
• D)the same candy at the same cost

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Definitions:

Forex

The market in which currencies are traded. It is the largest and most liquid financial market in the world.

Ordering and Carrying Inventory

Refers to the costs associated with ordering and holding inventory, including storage, management, and insurance.

Safety Stock

Additional quantity of an item held in inventory to reduce the risk of stockouts, often due to variability in supply or demand.

Memory Chips

Memory chips are semiconductor devices used in electronic systems to store data temporarily or permanently, such as RAM (Random Access Memory) or ROM (Read-Only Memory) in computers and other devices.