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Little’s law states that supply chain processes can be regarded as unrelated and thus treated and analyzed separately.

Pricing for a service should primarily relate to the cost of providing the service and has little to do with capacity issues the service provider might face.

Linear regression is not useful for aggregate planning.

An order winner is a set of screening criteria that permits a firm’s products to be considered as possible candidates for purchase.

“Product-service bundling” refers to a company building service activities into its product offerings for its customers.

The central idea of supply chain management is to apply a total system approach to managing the flow of information, materials, and services from raw material suppliers through factories and warehouses to the end customer.

The equation for exponential smoothing states that the new forecast is equal to the old forecast plus the error of the old forecast.

A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. This firm is called _____

The process when a company seeks to match the benefits of a successful position while maintaining its existing position by adding new features, services, and technologies into its current portfolio it is called straddling.

In most cases, demand for products or services can be broken into several components. Which of the following is considered as a component of demand?