A Just-In-Time Inventory System Usually Reduces Costs For

question 136

Multiple Choice

A just-in-time inventory system usually reduces costs for:

• A)both the producer and its suppliers.
• B)suppliers,but not the producer.
• C)the producer,but not its suppliers.
• D)neither the supplier or the producer,though it does lead to more flexibility for both.

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Definitions:

Terms of Trade

This refers to the ratio at which a country's exports are exchanged for its imports, influencing the country's economic health.

Real Interest Rates

The interest rate adjusted for inflation, representing the true cost of borrowing and the real yield to lenders.

British Pound

The United Kingdom's currency, a major global currency involved in international trading.

U.S. Dollar

The official currency of the United States, widely used as a benchmark in international trade and finance.