Because Manufacturers with JIT Systems Produce Merchandise Closer to the Time

question 84

Multiple Choice

Because manufacturers with JIT systems produce merchandise closer to the time of sale, they can

• A)organize cooperative agreements among competing manufacturers to reduce oversupply.
• B)reduce inventories needed to satisfy retailers' demand.
• C)use exclusive geographic territories to centralize production.
• D)effectively eliminate the need for a dispatcher.
• E)replace independent supply chains with corporate supply chains.

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Definitions:

Retailer Liability

This pertains to the legal responsibility of retailers to ensure that the products they sell are safe and meet specific standards to protect consumers.

Kansas City Royals

A Major League Baseball team based in Kansas City, Missouri, known for their competitive games and loyal fan base.

Res Ipsa Loquitur

A legal doctrine that allows for the presumption of negligence in a lawsuit, given the type of accident or injury could not have occurred without negligence.

Negligence

Failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, resulting in harm.