In Manufacturing,what Is Used as a Key Resource for Dealing

question 50

Multiple Choice

In manufacturing,what is used as a key resource for dealing with fluctuations in demand?

• A)Inventory
• B)Tangible inputs
• C)Marginal cost
• D)Routines

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Definitions:

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and minimal government intervention in the economy.

Firm's Owners

Individuals or entities that hold the ownership rights and stakes in a company, controlling its operations to some extent.

Stakeholders

Individuals or groups that have an interest, stake, or investment in an organization and can affect or be affected by its operations.

Local Government

The administration of a specific area such as a city, town, or district, providing services and enforcing regulations at a community level.