Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise
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The basic philosophy behind just-in-time (JIT) inventory systems is to economize on inventory holding costs by having materials arrive at a manufacturing plant just in time to enter the production process and not before. The major cost savings comes from speeding up inventory turnover. This reduces inventory holding costs, such as warehousing and storage costs. It means the company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise
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Which of the following is an example of a black-market transaction?
a) A person buys a product at a price greater than the ceiling price. b) A person buys a product at a price below the ceiling price. c) person buys a hotdog on a street corner. d) A person buys a product at a price greater than the price floor. e) A person places a bet at a racetrack.
According to BrandAsset® Valuator (BAV) model, knowledge is one of the key components of brand equity
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