Which process uses historical data and sales forecasts to plan which materials will be procured and produced?

a. Material Planning
b. Procurement Process
c. Production Process
d. Fulfillment Process
e. Lifecycle Data Management,

Ans: a. Material Planning

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Calculate the total sales of a product if the market demand for the product now in the early growth stage of the product life cycle is 2 million units annually, and the product captures 15 percent of this demand with a price of $50 per unit

A) $100 million B) $15 million C) $30 million D) $50 million E) $75 million

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What do the regrets look like for Scandinavia from left to right?

Final exams are almost here and once they are done, it will be time to reward myself with a well-deserved vacation. As a state employee, I haven't seen a raise since... well, ever. Thus an important criterion, in fact the most important criterion is to find an exotic region that can be visited inexpensively. There are three states of nature that could impact costs in these five areas of interest, and they correspond to the relative strength of the US Dollar against that region's dominant currency. Rather than squander my time doing any actual publishable research, instead I have determined the average cost per day to visit each region under each of the possible states of nature. This table, which should not be construed as actual vacation advice, appears below. Region Strong Dollar Middling Dollar Weak Dollar Eastern Europe 33 54 57 Southeast Asia 41 56 36 Australia 45 44 58 Galapagos Islands 37 35 26 Scandinavia 38 11 48 A) 0, 21, 24 B) 0, 15, 5 C) 6, 0, 16 D) 5, 0, 12

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