MRP is based on dependent demand.
Answer the following statement true (T) or false (F)
True
MRP is based on dependent demand. Dependent demand is caused by the demand for a higher-level item. Tires, wheels, and engines are dependent demand items based on the demand for automobiles, for example.
You might also like to view...
Moonbeam Gift Shop's inventory turned over six times during the year. Similar gift shops have an inventory turnover equal to twelve times per year. What explains Moonbeam's state of inventory management?
a. Moonbeam sold too much inventory during the year. b. Moonbeam needs to increase sales and decrease the amount of inventory on hand. c. Moonbeam is performing twice as well as its competitors. d. Moonbeam should increase the amount of goods on hand to accommodate the additional inventory demand.
A company that sells one product line to one end-using industry with customers in many locations would use product or market structure for its salesforce
Indicate whether the statement is true or false
In theory, the numerator of the accounts receivable turnover ratio should include only sales made on account if the objective is to measure how quickly a firm collects its accounts receivable
Indicate whether the statement is true or false
Netnography involves watching the behavior of ________ communities.
Fill in the blank(s) with the appropriate word(s).