All of the following are concepts used in a just-in-time inventory management system except
A. supplies arrive just as they are needed.
B. safety stock is kept to reduce stockouts.
C. much waste is eliminated.
D. purchases are made in small quantities.
E. purchases are made frequently.
Answer: B
You might also like to view...
The Essentials marketing team has approved the development of a television advertising campaign to launch the new product line. The team wants to assess which elements of the advertisements are most effective before the advertisements are aired
The marketing team is most likely to use which of the following? A) CRM indicators B) copy testing C) a purchase funnel D) a brand tracking model E) hurdle rating
Most of a firm’s profits being generated by a relatively small group of customers is referred to as the?
a. 90/10 rule b. 80/20 rule c. 70/30 rule d. 50/50 rule
Which of the following is not a trait of successful entrepreneurs?
a. initiative b. frustration c. perseverance d. strategic thinking
A foreign exchange ________ is the price of one currency expressed in terms of another currency. A foreign exchange ________ is a willingness to buy or sell at the announced rate
A) quote; rate B) quote; quote C) rate; quote D) rate; rate