A Production Technique in Which Inventory Is Kept to a Minimum

question 101

Multiple Choice

A production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed is called ________.

• A) just-in-time (JIT) manufacturing
• B) total quality manufacturing
• C) ISO 9000 technique
• D) channel management

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Definitions:

Test Marketing

A strategy used by companies to evaluate the viability of a new product or service in a smaller, controlled market before a wider release.

Marketing Strategy

A comprehensive plan formulated by a business to achieve specific marketing objectives, such as increasing brand awareness or sales.

Product Spread

The variety and range of products offered by a company or within a specific market, reflecting the diversity in choices available to consumers.

Commercialization Stage

The phase in a product lifecycle where it is introduced to the market and made available to consumers.