The initial generation of DeLorean boasted of its stainless steel skin, gull-wing doors, and 273 sizes of fasteners
The engineers lowered the product's overall inventory level and product complexity by settling on only 12 different sizes of fasteners thanks to their ________ program.
Fill in the blank(s) with the appropriate word(s).
Answer: parts standardization
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________ are products such as the Mercedes Benz C-class and the American Express Blue card, that
extend historically high-priced brands down-market while retaining their cachet. A) Hourglass products B) Mass market products C) Old Luxury brand extensions D) Masstige goods E) Accessible superpremium products
Which of the following correctly describes Just-in-Time (JIT) Management?
A) It is a production approach that maintains surplus goods at each stage of manufacture. B) It helps managers cut costs by speeding the transformation of raw materials into finished products. C) It is a cost management approach that focuses on maintaining large finished goods inventory levels. D) It is an inventory approach that stockpiles raw materials to protect against supply interruptions.
______ is meant to imply an individual who will engage in dangerous actions without careful considerations, based largely on blind obedience to the leader.
a. Intellectually stimulated b. Mission-driven c. “BHAG” d. “Kool-Aid drinker”
An understatement of Year 1's beginning inventory will:
a. cause Year 2's net income to be overstated. b. cause Year 1's cost of goods sold to be understated. c. have no effect on Year 1's net income. d. cause Year 2's net income to be understated.