Examlex

Solved

What Is the Difference Between a Demand Instrument and a Time

question 75

Essay

What is the difference between a demand instrument and a time instrument?


Definitions:

Computer-Integrated Manufacturing

A system of manufacturing in which all the processes are controlled by computers, enhancing efficiency and flexibility.

Proximity to Market

The closeness of a business or production facility to its customer base or target market, often affecting logistics and transportation costs.

Product Layout

An arrangement of machinery, equipment, and staff within a production facility, designed to enhance efficiency by organizing resources according to the sequence of operations.

Multiple Suppliers

The practice of sourcing goods or services from various providers to diversify risk and leverage competitive advantages.

Related Questions