All of the Following Are Considered Advantages of a Just-In-Time

question 65

Multiple Choice

All of the following are considered advantages of a just-in-time inventory system, except:

• A) Reduced raw material storage costs
• B) Minimized idle production facilities and workers
• C) Reduced work-in-process inventories
• D) Reduced dependence on suppliers

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Definitions:

Competitive Implications

The potential impacts or consequences that actions of one business can have on its competitors in the market.

Trade Restrictions And Quotas

Measures implemented by governments to control the amount and type of goods that can be imported or exported, affecting international trade.

Political Risk

The risk of losses due to changes in a country's political landscape or government policies that can affect investments or operations.

Licensing Agreement

A legal contract allowing one party to use another party's property or intellectual property under specified conditions.