Which of These Are Designed to Reduce an Organization's Inventories

question 143

Multiple Choice

Which of these are designed to reduce an organization's inventories to zero?

• A) Just-in-time systems
• B) Stockless systems
• C) Kanban systems
• D) All of these
• E) Just-in-time systems and stockless systems

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Definitions:

Attractive Offer

A proposal or deal that is appealing and likely to be accepted by others.

Attending College

The act of being enrolled and participating in academic courses at a college or university.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between two or more options.

Market Price

The value of a good or service determined by the supply and demand within a competitive marketplace.