What Is the Key Difference Between the MRP and JIT

question 8

Multiple Choice

What is the key difference between the MRP and JIT inventory management approaches?

• A)Only JIT reduces costs and improves efficiency.
• B)MRP is especially useful for products such as fashion apparel.
• C)JIT is more effectively used with products that have predictable patterns of demand.
• D)MRP schedules production to meet estimated sales needs;JIT schedules production to meet customer demands.

---

Definitions:

Health And Wellness

An approach to healthcare that emphasizes preventing illness and prolonging life, as opposed to treating diseases.

Social Trend

A general direction in which society’s behavioral patterns, attitudes, and preferences evolve over time.

Artificial Intelligence

The simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.

Marketing Efforts

Actions or initiatives taken by a company to promote its products or services and reach its target market.