The Principle of Postponement Is Employed by a Producer Using

question 99

Multiple Choice

The principle of postponement is employed by a producer using a(n) :

• A) make-to-stock strategy.
• B) make-to-order strategy.
• C) assemble-to-order strategy.
• D) engineer-to-order strategy.

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Definitions:

Consumption of Services

The process of using services provided by businesses or individuals, which can include anything from healthcare to recreational activities.

Contracts

Legally binding agreements between two or more parties that outline the terms and conditions of a transaction or arrangement.

Quality Standards

Established criteria or benchmarks that describe the characteristics of a product, service, or process to ensure it meets customer and regulatory requirements.

Inventories Classified

The categorization of stock or inventory based on various criteria, such as type, usage rate, or value, to ensure efficient management and control.