Currently, ____ Out of Every 12 Businesses in the U

question 144

Multiple Choice

Currently, ____ out of every 12 businesses in the U.S. is franchised.

• A) one
• B) three
• C) five
• D) seven
• E) nine

---

Definitions:

Just-in-time Systems

Inventory management strategy aimed at increasing efficiency and decreasing waste by receiving goods only as they are needed in the production process.

Inventories

The stocks of goods, components, or materials held by a business for the purpose of resale or production.

Just-in-time

An inventory management system aimed at reducing storage costs and waste by receiving goods only as they are needed in the production process.

Transportation Costs

Expenses associated with the movement of products or materials from one location to another.