The competition between Coke and Pepsi is an example of highly elastic demand product. If the price of one of these two will increase, the demand for that product will decrease. This will result to an increase in demand for the other product. Both drinks can quench thirst even though they are marketed differently.
Answer:
The correct answer is letter "C": It is the minimum inventory necessary to keep a perfect system running.
Explanation:
Just in Time (<em>JIT</em>) inventory is a system of supplying goods as close as possible to when they are needed. For a company that resells, this means goods arrive just before hitting the shelves for customer purchases. For a manufacturing company, it means part and raw materials arrive just before they are added to the final product.
Keeping less inventory on hand means a company has more available cash and credit for other users.
Credit $1300 from you cash or bank account and Debit $1300 to Principal account.
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