Without Affecting Their Ability to Meet Customer Demand,some Companies Have

question 70

Multiple Choice

Without affecting their ability to meet customer demand,some companies have found they can reduce inventory levels by using a just-in-time system as much as

• A)5% to 10%.
• B)20% to 25%.
• C)35% to 40%.
• D)50% to 60%.

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Definitions:

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service.

Externalities

Financial repercussions impacting bystanders who are not directly involved, which can be beneficial or detrimental.

Efficient Level

Efficient Level refers to the optimal amount of production or activity that maximizes benefits or utility while minimizing costs or waste.

Impose a Tax

The act of a governing body levying a financial charge or other levy upon a taxpayer, which can affect individuals, entities, or transactions.