A(n) __________ Product Is One for Which Significant Customer Education

question 246

Multiple Choice

A(n) __________ product is one for which significant customer education is required and there is an extended introductory period.

• A)high-learning
• B)low-learning
• C)fashion
• D)fad
• E)substitute

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Definitions:

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Work In Process

Inventory or products that are in the production process but are not yet completed, representing a stage between raw materials and finished goods.

Just-In-Time (JIT) Scheduling

Minimises inventory by routing materials to workstations ‘just in time’ to be used.

Timely Basis

Performing or completing tasks within an appropriate or specified period to achieve desired outcomes.