Controlling is the ______ in the management process.

A company must consider the product's stage in the life cycle and its importance in the company's portfolio before responding to a competitor's price cut

Indicate whether the statement is true or false

Which of the following are advantages of reducing inventory?

I. Engineering changes can be made sooner. II. Quality can be improved. III. Less space is needed in manufacturing. IV. Lead time will be shorter. A) I, II, III and IV B) I, II and IV only C) III and IV only D) I, II and III only E) II, III and IV only