A Just-In-Time Environment Has Smaller Inventories Than the Traditional Manufacturing

question 97

Multiple Choice

A just-in-time environment has smaller inventories than the traditional manufacturing environment.As a result,

• A)larger production lot sizes are the rule,in order to realize the cost-effectiveness of long production runs.
• B)the amount of working capital required for inventory typically increases.
• C)the just-in-time environment experiences a lower inventory turnover than the traditional environment.
• D)the just-in-time environment typically experiences a higher inventory turnover than the traditional environment.

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Definitions:

Zappos

An online retail company known for its wide selection of shoes and clothing, along with a strong focus on customer service.

Significant Inventory

Significant Inventory refers to a large amount of stock on hand, indicating the accumulation of products that a business has available for sale or production purposes.

Brand Associations

The thoughts, feelings, perceptions, and beliefs that consumers have about a brand, as connected in the consumer's memory.

Economical

Providing good value or service in relation to the amount of money, time, or effort spent.