Just-In-Time Manufacturing Systems Are Also Known As

question 3

Multiple Choice

Just-in-time manufacturing systems are also known as:

• A)Supply push systems.
• B)Supply pull systems.
• C)Demand push systems.
• D)Demand pull systems.

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Definitions:

Total Output

The total quantity of goods and services produced in an economy at a given time period.

Economies Of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per unit cost as output increases.

Trade Sector

The segment of the economy that involves the exchange of goods and services across borders.

Exports Plus Imports

The total value of all goods and services a country sells to and buys from other countries; a measure of a country's international trade.