Examlex
When suppliers are encouraged to locate near manufacturing plants, the goal of the JIT partnership is to reduce ________ inventory.
Total Sales
The aggregate revenue generated from all goods and services sold by a company within a specific period.
Contribution Margin
The amount by which sales revenue exceeds variable costs of production, used to cover fixed costs and generate profit.
Net Income
The total earnings of a company after subtracting all expenses, including taxes and operating costs, indicative of its profitability.
Sales Mix
The combination of different products or services that a company sells, each contributing to total sales revenue.
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