__________ Means Frequent, High-Quality, Small Lot Sizes That Contribute to Just-In-Time

question 106

Short Answer

__________ means frequent, high-quality, small lot sizes that contribute to just-in-time production.

---

Definitions:

Marginal Cost

The expense associated with manufacturing or providing an additional unit of an item or service.

Marginal Benefit

The additional satisfaction or utility gained by consuming one more unit of a good or service.

Diamond

A precious gemstone formed from carbon under high pressure and temperature, valued for its brilliance, clarity, and rarity.

Water

Water is a transparent, tasteless, odorless, and nearly colorless chemical substance that is essential for the survival of most known forms of life.