To Reduce Inventory Management Costs,many Companies Use a System Called

question 79

Short Answer

To reduce inventory management costs,many companies use a system called ________,which involves carrying only small inventories of parts or merchandise,often only enough for a few days of operation.

---

Definitions:

Facial-Feedback Hypothesis

The idea that facial expressions can influence emotion as well as reflect them, suggesting the act of smiling can make one feel happier.

Cannon-Bard Theory

A theory of emotion that argues that physiological arousal and emotional experience occur simultaneously.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more conflicting beliefs, ideas, or values at the same time.

Frustration/Aggression

A theory suggesting that aggression is the result of blocking, or frustration, of certain behaviors or goals.