Question: Standardization can reduce costs by: Question 20Select one: a. increasing inventories b. increasing lot sizes c. allowing the use of general purpose equipmentWhich of the

Standardization can reduce costs by: Question 20Select one: a. increasing inventories b. increasing lot sizes c. allowing the use of general purpose equipmentWhich of the following statements is best? (select all that are true) Question 21Select one or more: a. physical distribution provides a bridge between marketing and production b. physical distribution contributes towards creating demand c. replenishment orders to replace field warehouse stocks will not affect productionExplain how Pareto analysis is used for identifying areas for improvement

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