Just-In-Time Inventory Management Conserves Space and Lowers Costs by Requiring

question 18

True/False

Just-in-time inventory management conserves space and lowers costs by requiring inputs to a production process to arrive at the moment they are needed.

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Definitions:

Segmenting By Geography

The practice of dividing a market into distinct groups based on geographical boundaries or locations.

Convenience

The ease and simplicity with which a task can be performed or a need can be fulfilled, often a key factor in consumer decision making.

Behavioral Segmentation

Segmentation that categorizes consumers according to how they behave with or act toward products.

Demographic Variables

Characteristics of populations used to segment markets, such as age, gender, income, education, and ethnicity.