Making Only Those Items in Demand by Customers and Making

question 161

Short Answer

Making only those items in demand by customers and making those items without waste is referred to as ______________________________.

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Definitions:

Employment Rates

The percentage of the labor force that is currently employed.

Election of Remedies

The election of remedies is a legal principle that requires a wronged party to choose a single legal remedy among several available, thereby preventing multiple recoveries for the same injury.

Specific Performance

A legal remedy requiring a party to execute a contract according to the precise terms agreed on, rather than paying damages.

Restitution

A legal principle that requires a party to restore the other party to their original position prior to a loss or injury, or to compensate for the loss.