Write the Word or Phrase That Best Completes Each Statement

question 19

Essay

Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-In 2005, the federal deficit was about 9 trillion dollars.

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Definitions:

Overhead

Ongoing expenses related to the operation of a business that are not directly tied to specific product production.

Just-In-Time

Just-In-Time is a supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.

Pull Approach

A marketing strategy where demand is created through consumer interest, leading them to seek out a product or brand.

Total Manufacturing Cost

The aggregate of all costs involved in the production of a product, including direct materials, direct labor, and manufacturing overhead.