Which of the Following Might Be a Problem That Is

question 23

Multiple Choice

Which of the following might be a problem that is typical of services?

• A) Intangible product
• B) Decentralized location
• C) Inability to store services in inventory
• D) Quality based on customer perceptions

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Definitions:

JIT Partnerships

Collaborations between companies and their suppliers to implement Just-In-Time inventory strategies, aiming to reduce waste and increase efficiency.

In-plant Inventory

The stock of goods and materials held within a manufacturing plant for the production process or for immediate use.

Small Lots

Production or shipment of goods in small quantities, often used to reduce inventory costs and increase flexibility.

Setup Times

The duration required to prepare equipment, tools, and machinery for a specific task or to switch from one production operation to another.