A One-Hour Photo Processing Machine in a Wal-Mart Store Is

question 71

Multiple Choice

A one-hour photo processing machine in a Wal-Mart store is an example of a _________.

• A)micro-factory
• B)downsize strategy
• C)diversified strategy
• D)lean production system
• E)falling price strategy

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Definitions:

Gold Reserves

The amount of gold held by a central bank or government to support the value of its currency and to settle debts or engage in trade.

Create Money

The process by which the central bank or financial institutions increase the money supply in the economy, typically through activities such as lending or purchasing government securities.

Demand Deposits

Bank account balances that can be withdrawn on demand with no prior notice, such as checking accounts, providing liquidity and flexibility for accountholders.

Inflation

The rate of growth in the average cost of goods and services, which lowers the purchasing capacity.