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When the Demand for Automobiles Is High,the Demand for Workers

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When the demand for automobiles is high,the demand for workers who build automobiles is high.This relation between the market for automobiles and the market for the labor that builds automobiles is why demand in a factor market is called:


Definitions:

Distribution Center Design

The planning and layout of a facility used for the storage, handling, and distribution of goods to ensure efficient and effective supply chain operations.

Just-in-time (JIT)

A production and inventory strategy that manufactures or acquires goods only as needed for immediate use, reducing waste and improving efficiency.

Order-to-delivery

The comprehensive process from the moment an order is placed until it is delivered to the customer.

Inventory Control

The systematic approach to ordering, storing, and using a company's inventory, ensuring adequate supply without excessive oversupply.

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