In a Customer "Pull" Manufacturing Environment, Which Is Growing in Popularity

question 126

Multiple Choice

In a customer "pull" manufacturing environment, which is growing in popularity, production of goods or services is not scheduled until an order is placed by the customer specifying the desired configuration. In fact, which of the following is even BMW now able to offer?

• A)do-it-yourself vehicles
• B)mass customization
• C)just-in-time ordering
• D)assembly line ordering

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Definitions:

Bond Prices

The amount of money at which a bond is trading, which fluctuates based on interest rates, credit quality, and other factors.

Market Interest Rates

The prevailing rates at which borrowers can obtain loans and lenders can invest their funds in the financial markets.

Term Structure

Term Structure relates to the relationship between interest rates or bond yields and different terms or time to maturity, graphically represented as a yield curve.

Down-Sloping

Describes a trend or line on a graph that moves from a higher to a lower point, indicative of a decrease over time.