Fairly standardized and demanded in large volumes

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Reference no: EM132262637

1. Which business strategy waits for the product to become fairly standardized and is demanded in large volumes?

a) First-to-market b) Cost minimization or late-to-market c) Second-to-market d) Market Segmentation

2. Vision statements express the organization’s purpose or reason for existence.

a) True b) False

3. A type of output that is substantially different from products and other types of services is that of knowledge or _______; the more they are used, the more valuable they become.

4. How are the aggregate plan and the master production schedule are related?

A. The aggregate plan is used to determine which individual products should be shown in the master production plan.

B. The master production plan organizes individual products into families of products shown in the aggregate plan.

C. The aggregate plan is used to allocate the resources needed to produce the products shown in the master production plan.

D. The aggregate plan helps to determine the number of products shown in the available to promise line of the master production schedule.

E. The aggregate plan and the master production schedule are unrelated.

5. Master production scheduling breaks down the aggregate plan into

A. safety stock inventory needed

B. amount of in process inventory to hold

C. families of products or services to produce each period

D. individual products or services to produce each period

E. amount of time needed to produce products on certain machines

Reference no: EM132262637

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