Which of the Following Is NOT True About the Just-In-Time

question 47

Multiple Choice

Which of the following is NOT true about the Just-in-time approach to inventory?

• A) High dependence on suppliers
• B) Focuses on keeping inventory level to the maximum
• C) Lowers inventory carrying costs
• D) Vulnerable to natural disaster

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Definitions:

Sales-oriented

A business approach that prioritizes selling products and services as its primary objective, often focusing on high sales volume and short-term outcomes.

Great Depression

Refers to a severe worldwide economic downturn that took place during the 1930s, marked by widespread unemployment and financial hardship.

Marketing Mix

A model consisting of the four Ps (Product, Price, Place, Promotion) used to consider the key elements in marketing strategies and activities.

Exchange

The act of giving one thing and receiving another in return, especially pertaining to goods, services, or money in commercial transactions.