For Which of the Following Reasons Explains Why Companies Have

question 186

Multiple Choice

For which of the following reasons explains why companies have recently been able to reduce inventory levels?

• A)There is better sharing of information between suppliers and manufacturers
• B)Just-in-time production strategies are being implemented
• C)Production quotas are being implemented
• D)Both A and B are correct.

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Definitions:

Life Insurance Policies

Contracts between an insurance holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Salesperson

An individual who sells goods or services to customers with the aim of meeting targets or generating revenue.

Benefits

Advantages or favorable outcomes derived from a specific action, policy, or product.

Durable Power

A legal document that grants someone the authority to make decisions on another's behalf, typically in health care or financial matters, and remains in effect if the person becomes incapacitated.