Last Month TMJG Co

question 100

Multiple Choice

Last month TMJG Co. started producing a new product called Thingamajigs from its new plant. Sales were quite good for the first couple of weeks. Unfortunately, a technological innovation was then announced by a competitor. This innovation will almost completely eliminate the demand for Thingamajigs. As a result, TMJG has decided to shut down and dismantle the plant next week. The average cost per unit will be highest if the plant was _________________________.

• A) a small facility
• B) in the right location
• C) a large facility
• D) just-in-time
• E) a medium facility

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Definitions:

Secured Transactions

Financial transactions in which the borrower pledges collateral to ensure repayment of a loan.

Credit

A financial term denoting an arrangement where goods, services, or money is received with the promise of future payment.

Sellers

Individuals or entities engaged in providing goods or services to buyers in exchange for payment.

Priority

Priority refers to the state of being earlier in order, time, or importance, often determining the sequence for dealing with multiple items or tasks.