With the ________Inventory Control System,producers Hold a Bare Minimum of Parts

question 49

Multiple Choice

With the ________inventory control system,producers hold a bare minimum of parts and materials in storage.

• A)first-in,first-out
• B)just-in-time
• C)ABC
• D)maximin

---

Definitions:

Domestic Producers

Companies or individuals within a country that manufacture goods or offer services domestically.

Per-unit Tariff

A type of tax imposed on each unit of imported goods, raising the cost of these goods to the importer.

Per-unit Revenue

The amount of income that is generated for each unit of goods or services sold.

Infant Industry Argument

A protectionist stance arguing that emerging domestic industries should be shielded from foreign competition until they become competitive globally.