Just-In-Time Processing

question 21

Multiple Choice

Just-in-time processing

• A) is based on a just-in-case philosophy.
• B) results in higher inventory amounts.
• C) eliminates the push approach.
• D) all of the above.

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Definitions:

Multiple Products

The strategy of offering a variety of different products within a company's portfolio to cater to different market segments or consumer needs.

Multiple Market Segments

Refers to the practice of dividing a target market into distinct subgroups of consumers, each with different needs or characteristics, to tailor marketing strategies more effectively.

Diverse Customer Needs

The variety and differences in preferences, requirements, and expectations among customers in a market.

Production Costs

Expenses associated with the manufacturing or production of goods, including materials, labor, and overhead costs.