Maintaining a Constant Production Level in a Firm Has the Advantage

question 51

Multiple Choice

Maintaining a constant production level in a firm has the advantage of:

• A) Minimizing the amount of inventory held.
• B) Allowing a stable employment level.
• C) Meeting customers' changing expectations in terms of demand volume.
• D) Supporting the organization's move to JIT (just-in-time).
• E) Allowing the firm to compete successfully as a differentiator.

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Definitions:

Expectancy

The anticipation or belief regarding the occurrence of a future event or the likelihood of achieving a certain outcome.

Payout

The distribution of financial rewards or dividends, often related to investments or insurance claims.

Job Satisfaction

A measure of how content an individual is with their job, including aspects like work environment, pay, and fulfillment from the work itself.

Coworkers

Individuals who work together in the same organization or on the same team.