Which of the Following Describes a System in Which Suppliers

question 161

Multiple Choice

Which of the following describes a system in which suppliers deliver materials at the time they are needed and finished units are completed when customer orders need to be filled?

• A) Supply chain management
• B) Just-in-time (JIT)
• C) Enterprise resource planning
• D) Total quality management

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, often resulting in increased connectivity and interdependence among global economies.

Financialization

The increasing influence of financial markets, financial motives, financial institutions, and financial elites on the economy and economic policy.

Political Systems

The framework of formal legal institutions that constitute a government or a state, determining how power is acquired, communicated, and exercised.

Capital Mobility

The ease with which financial assets or capital can move between countries without barriers, affecting investments and economic policies.