Which One of the Following Characteristics Would Likely Be Associated

question 135

Multiple Choice

Which one of the following characteristics would likely be associated with a just-in-time inventory method?

• A) Ending inventory of work in process that would allow several production runs
• B) A backlog of inventory orders not yet shipped
• C) Minimal finished goods inventory on hand
• D) An understanding with customers that they may come to the showroom and select from inventory on hand

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Definitions:

Trade Restrictions

Measures implemented by governments to control or limit the flow of goods and services across borders, including tariffs, quotas, and import bans.

Domestic Supply

The total amount of goods and services that are produced within a country's borders and available for domestic consumption or export.

International Specialization

A method where countries or regions focus on producing goods and services they are most efficient at, to enhance global trade efficiency.

Economies Of Scale

The reduction in cost per unit of goods or services produced as the scale of output increases.