Question: SOURCE: ADAPTED FROM CIMA P1 Consider the following two denitions: Denition A: an approach to production management which aims to maximise sales revenue less materials

SOURCE: ADAPTED FROM CIMA P1 Consider the following two denitions:

Denition A: ‘an approach to production management which aims to maximise sales revenue less materials’

Denition B: ‘a system whose objective is to produce or procure products or components as they are required by a customer or for use, rather than for inventory’

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