Which of the Following Is an Advantage of Using an Industrial

question 177

Multiple Choice

Which of the following is an advantage of using an industrial distributor?

• A) These firms are easy to control because they work directly for the producers.
• B) Inventory holding costs are minimized because they can store inventory very cheaply.
• C) They are closer geographically to all of the producers' customers.
• D) They possess a high level of technical knowledge about their products.
• E) They help reduce a producer's financial burdens by extending credit to customers.

Evaluate the legal implications of signatures and roles in negotiable instruments, including liability issues.

Comprehend the concept of primary and secondary liability in the context of negotiable instruments.

Distinguish between contractual liability and warranty liability in negotiable instruments.

Grasp the responsibilities and liabilities of accommodation parties.

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Definitions:

Lean Operations

A management philosophy aimed at minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Toyota Production System

A highly efficient and flexible production system developed by Toyota that focuses on eliminating waste and increasing quality.

TPS

Toyota Production System, a highly influential production philosophy focused on eliminating waste, improving productivity, and achieving efficiency in manufacturing.

Kanban Size

Refers to the capacity or limit set for a kanban, a tool in lean manufacturing and just-in-time production, which signals when more materials or work is needed.