For Consumers,the Number '9' at the End of a Price

question 5

True/False

For consumers,the number '9' at the end of a price often signals a bargain

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Definitions:

Kanban

A scheduling system for lean manufacturing and just-in-time production, which uses visual cues to signal steps in the production process.

JIT Environment

A production strategy that aims to reduce times within the production system as well as response times from suppliers and to customers, characterized by just-in-time inventory management.

Inventory Tactics

Strategies and approaches used in managing inventory levels, turnover, and order quantities to optimize operational efficiency and meet customer demand.

TPS

Toyota Production System, a production methodology aiming for the absolute elimination of waste, inconsistency, and unreasonable requirements in production processes.