A Basic Requirement for Operating with the Low Inventories Present

question 80

Multiple Choice

A basic requirement for operating with the low inventories present in lean systems is

• A)Inventory space must be increased.
• B)Inventory investment must be increased.
• C)Major problems must be identified.
• D)Major problems must have been solved.
• E)Inventories must be reduced rapidly.

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Definitions:

Small Businesses

Companies with a small number of employees and relatively low volume of sales, typically privately owned.

Larger Firms

Businesses or companies that have a significant scale in terms of operations, revenue, and workforce size, often with a broad market presence.

Business Decisions

Choices or judgments that are made in the course of managing a business, considering various factors to achieve organizational goals.