Which of the Following Is True of Just-In-Time (JIT)inventory Management

question 65

Multiple Choice

Which of the following is true of just-in-time (JIT) inventory management?

• A)It results in more storage and insurance cost.
• B)It is a system in which the company produces product only after receiving an order.
• C)It promotes surplus inventory to prevent production shut-down in case of supply interruptions.
• D)It requires a surplus inventory of finished goods to ensure timely, or just-in-time, delivery to customers.

Grasp the role of marketing measurement tools in evaluating marketing strategies.

Identify the elements critical to developing a marketing budget.

Understand the role of customer satisfaction and loyalty as indicators of marketing success.

Recognize different marketing strategies and their strategic importance.

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Definitions:

Generous

Characterized by a readiness to give more of something, such as money or time, than is strictly necessary or expected.

Warm

Warmth is often described as a personality characteristic indicating friendliness, empathy, and kindness towards others.

Kurt Lewin

A psychologist known for his pioneering work in social, organizational, and applied psychology, including the development of field theory.

Evolutionary Principles

Concepts based on evolution, explaining how natural selection and adaptation contribute to the behavior and traits of organisms.