JIT Uses a Pull System Where Communication Starts with Either

question 112

Multiple Choice

JIT uses a pull system where communication starts with either the customer or with the _________ work station in the production line.

• A) First
• B) Bottleneck
• C) Dominant
• D) Most expensive
• E) Last

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Definitions:

Prestige Pricing

A pricing strategy where prices are set higher than average to suggest status, exclusivity, and high quality.

Status-conscious Consumers

Individuals who make purchasing decisions based on the social status or prestige associated with a product or brand.

Penetration Pricing

A marketing strategy involving setting a low price for a new product to attract customers and gain market share quickly.

Mass Market

A large segment of consumers with diverse background characteristics, targeted by companies with products that cater to general needs.