Scheduling Materials to Arrive on a Timely Basis at a Workstation

question 20

Multiple Choice

Scheduling materials to arrive on a timely basis at a workstation or facility in order to reduce costs and improve workflow is known as __________.

• A)Management by objectives MBO).
• B)Just-in-time JIT)scheduling.
• C)Economic order Quantity EOQ).
• D)Efficient production planning EPP).
• E)Timely inventory control TIC).

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Definitions:

Market Size

The total volume of a market, often measured in terms of total sales, that is available for a product or service.

Tax on Buyers

A financial charge imposed on purchasers within a market, which can shift demand curves and affect market equilibrium.

Demand Decreases

A decrease in the quantity of a product or service that consumers are willing and able to purchase at given prices.

Tax on Buyers

A fiscal charge imposed directly on purchasers, which shifts the demand curve downward, reflecting a decrease in the net price received by sellers.