Product Life Cycles _____

question 47

Multiple Choice

Product life cycles _____.

• A)are the same for all products
• B)must be considered to effectively plan for production
• C)are computerized bicycles
• D)have nothing to do with product profitability

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Definitions:

Kanban

A scheduling system for lean manufacturing and just-in-time manufacturing that signals the need to move materials within a production facility or to move materials from an outside supplier into the production facility.

Meishi

The Japanese term for business cards, which play a significant role in business and social etiquette in Japan.

Zaibatsu

A large Japanese business conglomerate, typically family-owned, existing before World War II and involved in multiple industries.

Marketing Effort

The combination of all activities and strategies applied by a company to promote and sell its products or services to its target audience.