JIT [Reduces Inventory Costs, So It] Is Part of a _________

question 58

Multiple Choice

JIT [reduces inventory costs, so it] is part of a _________ strategy.[NOTE: the brackets can be removed if the students have been exposed to the concept. It is in Chapter 13.]

• A) Cost leadership
• B) Customer oriented
• C) Differentiation
• D) Innovation
• E) Operational effectiveness

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Definitions:

Object Permanence

The understanding in human development that objects continue to exist even when they cannot be seen, heard, or touched.

Egocentric

A term referring to the inability or difficulty in understanding a perspective other than one's own.

Formal-Operations

A stage in Piaget's theory of cognitive development, typically beginning around age 12, where individuals start to use abstract and logical thinking.

Concrete-Operations

A stage in Piaget's theory of cognitive development where children gain the ability to think logically about concrete events.