Use the Table Below to Answer the Following Question(s)

question 85

Multiple Choice

Use the table below to answer the following question(s) . Refer to Table 7-5. National income equals

• A) $1,380.
• B) $1,530.
• C) $1,860.
• D) $4,170.

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Definitions:

JIT

Just-In-Time, an inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Competitive Advantage

The attribute or set of attributes that allows an organization to outperform its competitors by offering greater value to customers, either through lower prices or by providing more benefits and services.

Inventory

the stock of any item or resource used in an organization, encompassing raw materials, finished goods, and work in progress.