Which of the Following Statements Regarding the Pull Method Is

question 38

Multiple Choice

Which of the following statements regarding the pull method is (are) true?
I.Goods are produced in each manufacturing stage only as they are needed at the next stage.
II.The pull method greatly reduces work-in-process inventory.
III.The pull method reduces waiting time and the associated non-value-added cost.

• A)II only.
• B)I and II.
• C)I and III.
• D)II and III.
• E)I,II,and III.

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Definitions:

Demand

In economics, it represents consumers' desire to purchase goods and services at certain prices.

Diet Pepsi

A low-calorie carbonated soft drink produced by PepsiCo, serving as an alternative to Pepsi with fewer calories.

Diet Coke

A calorie-free soft drink produced and distributed by The Coca-Cola Company, introduced as an alternative to regular Coca-Cola for health-conscious consumers.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price in a given period.