Cycle counting: (choose one) a. assumes that all inventory records must be verified with the same frequency. b. assumes that the most frequently used items must be counted more frequently. c. provides a measure of inventory turnover. d. is a process by which inventory records are verified once a year. e. eliminates annual inventory adjustments.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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