The _____ System Eliminates Inventories at the Customer's Manufacturing Site,which

question 67

Multiple Choice

The _____ system eliminates inventories at the customer's manufacturing site,which requires the timely delivery of 100 percent quality (zero-defect) products.

• A)customer relationship management
• B)total quality management
• C)just-in-time management
• D)requirements chain management

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Definitions:

Marginal Revenue

The gain in income from selling an additional unit of a product or service.

Marginal Cost

The cost implications of producing an additional unit of either a product or service.

Total Revenue

The total amount of money generated by a business from the sale of goods or services before any expenses are subtracted.

Marginal Revenue

The increased earnings from the sale of one extra unit of a good or service.