When a Supplier's Computer Automatically Processes an Online Order from a Customer,schedules

question 111

Multiple Choice

When a supplier's computer automatically processes an online order from a customer,schedules production activities for the order,and then sets up delivery of the finished product to the customer,what approach is being used?

• A)fast-schedule method
• B)electronic data interchange (EDI)
• C)containerization technique
• D)just-in-time (JIT)delivery system
• E)contractual method

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Definitions:

Gain

An increase in wealth, resources, or advantage, often observed in financial contexts such as investment returns.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than a competitor, leading to more efficient international trade and allocation of resources.

Production Possibilities Line

A graphical representation that shows the maximum possible output combinations of two products or services an economy can achieve when all resources are fully and efficiently utilized.

Trading Possibilities Line

A graphical representation illustrating the maximum amount of one good that a country can trade for another, given fixed resources.