The Primary Advantage of a Just-In-Time Inventory System Is

question 71

Multiple Choice

The primary advantage of a just-in-time inventory system is:

• A)The amount of money tied up in inventory is minimized.
• B)Customers are afforded a wider selection of merchandise available for immediate delivery.
• C)The company is able to use the specific identification method of inventory pricing.
• D)The risks of losing sales opportunities or of having to shut down manufacturing operations because of inventory shortages are minimized.

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Definitions:

Photographic Equipment

Tools and devices such as cameras, lenses, tripods, and lighting gear used in the capture of photographs.

Targeting Strategies

Approaches used by businesses to identify and serve specific segments of the market that are most likely to benefit from their products or services.

Micromarketing

A marketing strategy that targets a small, specific group of customers with tailored messages and offers.

Undifferentiated

In marketing, this refers to a strategy where a company chooses not to segment the market but rather targets the whole market with one product or service.