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BME 1- OM Quiz

Authored by Glaiza Cabacungan

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BME 1- OM Quiz
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10 questions

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1.

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30 sec • 2 pts

The _______ encompasses when to reorder products and how much product to order to avoid either stockouts or holding too much inventory.

2.

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30 sec • 2 pts

It is also called as cost-benefit analysis that compares the total revenue of those different pieces of business to determine which price of business bring the most value to the business.

3.

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30 sec • 2 pts

DSS stands for _____

4.

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30 sec • 2 pts

It is the process of managing a company’s inventory levels, whether that be in their own warehouse or spread over other locations

5.

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30 sec • 2 pts

It refers to a practice where a company, such as an airline or hotel, sells more reservations than the actual number of available sets or rooms.

6.

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30 sec • 2 pts

It is a process of optimizing profits by segmenting the market using rate fences.

7.

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30 sec • 2 pts

PMS stands for _____

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