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
What will be an ideal response?
The advantage is that it allows the firm to react quickly and, conceivably, to minimize costs. The disadvantage is that the reaction to a large number of minor changes may introduce instability (nervousness) into the purchasing and production departments, which can create havoc.
Business
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Market offering includes everything from pure tangible goods to pure services, as well as combinations of goods and services. Which of the following is NOT a product or service?
A) breakfast cereal B) rental car C) free concert D) shoes E) haircut
Business
The learning effect can be represented by a line called a learning curve
Indicate whether the statement is true or false
Business