Answer:
The correct answer is letter "B": Variation in both demand and lead time exists, and is known.
Explanation:
The Economic Order Quantity (EOQ) is a method to keep track of inventory based on several assumptions. According to the EOQ <em>demand is known, constant and independent; lead time is known and constant</em>; inventory receipts are immediate and complete; discounts on amounts are not feasible; and, stock-outs can be avoided absolutely.
The independent variable is the one being manipulated (or changed) in order to study the effects. In this case the independent variable is the $5 price change.
Answer:
Stop working and add the incomplete feature back into the backlog.
Explanation:
In case a task could not be completed in the current iteration, it is best to add it to the backlog, so that in subsequent iterations it will be completed (giving it priority, of course).
Of course, it is not convenient to extend the iteration time just to finish the incomplete task. Also, we should not add it directly to the next iteration because we would be altering its structure. So the most appropriate thing to do, is to leave it marked as a priority to be included in the next iterations.
Answer:
The Electronics, beverages, fast-food, and automobile industry are some sectors that have witness proliferation of products and the shortening of product life-cycle.
Supply chain in these industries have seen their processes change overtime and presently more focus on service, and the ability to quickly react and continuously meet the requirements of customers. They have also leverage on information technology and globalisation in extending their supply chain beyond national and regional boundaries with some companies in these industries having aspects of their processes in different country.
