Large Cost Savings from Reduced Inventories and Labour Savings by Needing

question 120

True/False

Large cost savings from reduced inventories and labour savings by needing fewer workers to handle inventory can be driving forces associated with the implementation of just-in-time inventory control systems.

---

Definitions:

High School Education

The stage of formal learning typically occurring after primary education and before tertiary education, usually for adolescents.

Income Mobility

The ability of an individual or family to move up or down the economic ladder within a society over time.

Higher Income Groupings

Refers to classifications of individuals or households that earn above a certain threshold of income, often compared within a broader economic context.

Lower Income Groupings

classifications of individuals or families that earn relatively less income compared to the median or average levels within a society.