"Just-In-Time" Inventory Control Techniques Are Most Successful in What Type

question 141

Multiple Choice

"Just-In-Time" inventory control techniques are most successful in what type of environment?

• A)Repetitive manufacturing operations where inventory levels are significant at the outset
• B)Where product requirements are customized for each customer
• C)Where a company changes suppliers regularly and those suppliers are independent of the manufacturer
• D)Where inventory levels have been reduced to safety stock levels

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Definitions:

Government Expenditure

Government Expenditure includes all government consumption, investment, and transfer payments, such as spending on infrastructure, welfare programs, and public services.

Output

The total amount of goods and services produced by an economy, company, or sector.

Short-Run Aggregate Supply

The total supply of goods and services that firms in an economy want to sell at a given price level in the short term.

Spending Multiplier

A concept in economics that represents how changes in autonomous spending lead to changes in total economic output.