A Scheduling System for Minimizing Inventory by Having Components Arrive

question 16

Multiple Choice

A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy.

• A)just-in-time
• B)frictionless
• C)bullwhip
• D)safety-stock
• E)streamlined

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Definitions:

Income Statement

A financial report that displays a company's revenues, expenses, and profits or losses over a specific period of time.

Commissions

Fees paid to salespersons or agents for facilitating sales, based on the value or volume of those sales.

Store Rent

The cost associated with leasing or renting a physical space for retail operations, recorded as an expense.

Operating Income

Operating income is the profit realized from a business's core operations, excluding costs and expenses related to financing and investment.