The process of buying large quantities of items when its price is low so that tentative profits can be obtained by selling them at higher prices is called……………..

Related MCQs

• ………………………is the analysis and comparisons of items to group them into families with similar characteristics
• ………………….refers to the process of creating new products or modifying the existing ones within a predetermined time frame and cost price
• ………………..is the system in whichitems are processed in lots and a new lot is undertaken for production only when the production on all items of a lot is complete.
• …………………………is the degree to which the design specifications for a product or service are appropriate to its function and use, and the degree to which a product or service conforms to its design specifications
• is an information management system that connects all departments and disciplines within a company making them an integrated unit.
• …………………is a process used to determine the maintenance requirements of any physical asset in its operating context?
• …………….is the process of careful step by step of dismantling of existing product in order to understand its unique underlying concepts
• …………….refers to the manufacturing of large volume of a single or a very few varieties of products with a standard set of processes
• Moving of materials from the store room to the machine and from one machine to the next machine during the process of manufacture is called…………………
• Operation process chart is also called as…………………………..