Just-In-Time

question 85

Multiple Choice

Just-in-time

• A)the costs of not having a product available when demanded by a customer
• B)the costs of carrying inventory
• C)approach that maintains goods should be pulled through the system by present demand
• D)the number of units in the order quantity that minimizes the total cost
• E)the costs of placing and receiving an order

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Definitions:

Prospecting Letter

A letter sent by a salesperson or business to potential clients or customers to introduce their products or services and generate new business.

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Industry

A sector of the economy that involves the manufacturing and production of goods or services.

Advertised Job Opening

A vacancy that is publicly shared through various media channels to attract potential candidates.