Real Exam Questions And Correct Answers (Verified Answers)
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If your revision does not complete until next year... - ANSWER
-you will not be
able to make updates
next year
What could a high reliability do if you're trying to keep prices
low? - ANSWER -
hurt your Contribution
Margin
What is a low tech customer's top priority when
purchasing a product? -
ANSWER –
Price
What is one of the most important decisions marketing
makes? - ANSWER -
Sales
forecasting
, What is key to sales forecasting? - ANSWER -applying the
growth rate to last
year's
sales
What is it called when you run out of units to sell during the
year? - ANSWER -
Stock
out
What is the "best case" scenario for production? - ANSWER -
using 12 months
as a baseline, and ordering an extra month or two
worth of inventory
Why is Production after Adjustment slightly lower than
Production Schedule? -
ANSWER -Some units will have defects and will be
thrown out
How much more inventory should you produce than your
forecast? - ANSWER -
10%
How is capacity in the production interface represented? -
ANSWER -the number of units that can be produced in one
shift (although, the sensor industry uses plants with two shifts)