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A working MRP system allows a firm to react to even minor changes in production requirements. Discuss both the advantage and disadvantage of having such ability.
Arrival Date
Typically refers to the expected or actual date on which something arrives, often used in the context of goods delivery or travel.
Trade Discount
A reduction in the list price granted by a seller to a buyer based on the volume or value of the purchase.
FOB Shipping Point
A term used in shipping agreements indicating that the buyer is responsible for the goods and the shipping costs as soon as they leave the seller’s premises.
Sales Revenue
The earnings a business obtains through the sale of products or the delivery of services.
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