Question 2: (10 Marks) Read the statement below and answer the questions that follow: Balancing supply and demand is concerned with the time between manufacturing (supply) and consumption, the different stages within the supply chain, and the variation in consumer demand. There are four (4) methods that can be used to manage supply and demand imbalances, broken down into two categories, namely: (1) internal balancing methods and (2) external balancing methods. Meyer, A. Schutte, P. Wheeler, B. Kufandarerwa, R. Makiwa, P. Cawthra, T. Ruziwa, R. RourkeMcGill. Nokhepheyi, Y. Zandberg, E. 2020. Principles of Stock Control and Inventory Management. First Edition. Westlake Business Park, Cape Town: Edge Learning Media. Required: Using your own words, you are required to distinguish between the purpose of internal and external balancing methods in managing supply and demand imbalances. (6+4 = 10 marks) Question 3: (5 Marks) Match the correct term in Column A with the most correct description in Column B. Term Description 3.1 Buffer stock A. A stock management system based on waiting clients or consumer orders. 3.2 Push strategy B. A skill and occupation that involves monitoring inventory qualities and ensuring sufficient stock to meet consumer needs. 3.3 Pull strategy C. The quantity of a product that consumers are able and willing to purchase at various prices during a specific period. 3.4 Inventory management D. A stock management system based on forecasting or predicting consumer demands. 3.5 Demand E. An occasion where stock acts as a cushion of supply where there is an excess of forecast in demand. Your answers should be set out as follows: 3.1 - (1 mark) 3.2 - (1 mark) 3.3 - (1 mark) 3.4 - (1 mark) 3.5 - (1 mark) Example: 3.6 - F