The basic philosophy behind just-in-time (JIT) inventory systems is to:
A. economize on inventory holding costs.
B. reduce inventory turnover.
C. create a buffer stock of inventory.
D. reduce costs by reducing quality.
E. increase the total working capital requirement.
A
Business
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All else equal, the use of long-maturity debt is expected to be greater in those markets in which:
A. inflation is low B. capital markets are passive and illiquid C. the legal system's protection of bondholders' interests is weak
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