________ Are the MOST Likely Segment of the Population in the United

question 17

Multiple Choice

________ are the MOST likely segment of the population in the United States to experience poverty today.

• A)Children
• B)The elderly
• C)Middle-aged adults
• D)Young,single males

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Definitions:

Just-In-Time (JIT)

A production and inventory control system in which materials are purchased and units are produced only as needed to meet actual customer demand.

Customer Demand

The total amount of a product or service that consumers are willing to purchase at a given price level within a specific time period.

Just-In-Time (JIT)

A management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs and increase efficiency.

Production Capacity

The maximum output that a business can produce in a given period with the available resources.