__________ and Lean Manufacturing Are Two Widely Used Methods or Models

question 70

Multiple Choice

__________ and lean manufacturing are two widely used methods or models to minimize waste and deal with the complexity of inventory management.

• A)POM
• B)JIT
• C)CRM
• D)EOQ

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Definitions:

Credit Card

A type of credit card account that has a revolving charge where the entire bill does not have to be paid in full each month.

Deferred Payment Plan

A payment arrangement that allows payment to be postponed for a certain period, often used in loans and purchase agreements.

Finance Charge

The total cost of borrowing, including interest and any other fees, applied to credit or loan accounts.

Home Improvement Loan

A type of loan specifically designed to finance repairs, renovations, or improvements to a home.