With Regards to Suppliers,lean Systems Typically Require

question 32

Multiple Choice

With regards to suppliers,lean systems typically require:

• A)Delivery of large lots at frequent intervals
• B)Buyer inspection of goods and materials
• C)Multiple sources from which to purchase
• D)Long-term relationships and commitments
• E)The lowest price possible

---

Definitions:

Substitute Goods

Substitute goods are products or services that can replace or be used in place of another due to similarities in function or characteristics, affecting consumer choices.

Above Market Rate

A price or rate that is higher than the prevailing market standard or average.

Insolvent

A financial state in which an individual or an entity cannot meet their debt obligations as they come due because their assets do not exceed their liabilities.

UCC

In the United States, the Uniform Commercial Code is a detailed compilation of statutes that regulate commercial dealings.