Examlex
A business is trying to decide which restaurant to hold its annual awards banquet. Use the information below to determine the best choice.
Restaurant
Where should the restaurant be located?
Raw Materials
The unprocessed natural resources or substances that are used in the manufacturing of goods, providing the basic material from which products are made.
Finished Products
Goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.
JIT Action
An initiative or measure taken to implement Just-In-Time production, aiming to reduce waste by receiving goods only as they are needed in the production process.
Inventory
Inventory is the quantity of goods that a business has on hand, including materials, components, and finished products.
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