19) In the EOQ model, for a given level of demand, when annual holding cost per unit increases, which of the following will happen to the economic order quantity___.

a) Increases

b) Remains the same

c) Fluctuates

d) Cannot be determined

e) Decreases

20) Which of the following best describes vertical integration?

a) Sell products to a supplier or a distributor

b) Produce goods or services previously purchased

c) Develop the ability to produce the specified good more efficiently than before

d) Develop the ability to produce products that complement the original product

e) Build long-term partnerships with a few suppliers

22) Which of the following product development strategies has the highest product development cost?

a) Acquiring the developer

b) Joint ventures

c) New internally developed products

d) Internal enhancement

e) Alliances

23) Which of the following is most closely related to the increased demand for international food in the US?

a) Understanding the customer

b) Regulations change

c) Technology change

d) Economic change

e) Society change

25) Which of the following highlights the collaborations within the three major operations functions for the firm to achieve the four rights in the supply chain management?

a) Forward external integration

b) Backward external integration

c) Vertical integration

d) Internal integration

e) Outsourcing