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Question
Which of the following statements is true of a fixed-period system (FPS)?
a. It orders a fixed quantity of items when the inventory position reaches or drops below the reorder point (r).
b. It orders sufficient stock at the time of review to bring the inventory position up to the replenishment level (M).
c. It maintains a constant order quantity every review period.
d. It checks the inventory position on a continuous basis.
Answer
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