Which of the Following Statements Is True of Just-In-Time Management

question 52

Multiple Choice

Which of the following statements is true of just-in-time management systems?

• A)It involves ordering raw materials in large quantities to obtain volume discounts.
• B)It triggers production after the customer places an order.
• C)Its successful implementation is independent of vendor relationships.
• D)It contracts with suppliers to deliver large quantities of goods once a year.

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Definitions:

Consumer Socialization

The method through which youngsters develop the abilities, knowledge, and attitudes needed for effective participation as consumers in the market.

Motivation

Motivation is the process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to act and pursue achievements.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behavior and interactions.

Existing Customers

Individuals or entities who have previously made a purchase from a business, representing a segment that companies often aim to retain through customer service and loyalty programs.