Drastically reducing inventories to help manufacturers increase the utilization of more floor space is an example of <u>B. a just-in-time (JIT) inventory system</u>.
<h3>What is a Just-inTime inventory system?</h3>
A Just-in-Time inventory system is inventory management that ensures that raw materials for production arrive as needed.
With a Just-in-Time system, inventory arrives as production is scheduled to begin.
The purpose of a Just-in-Time system is to reduce inventory on hand to the minimum just to meet demand.
A. a merchandising inventory system.
B. a just-in-time (JIT) inventory system.
C. a finished goods inventory system.
D. determining inventory quantities.
Thus, reducing inventories to help manufacturers increase the utilization of more floor space is an example of <u>B. a just-in-time (JIT) inventory system</u>.
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Answer:
The correct answer is: An example of businesses taking advantage of inconsistencies in consumer decision-making is credit card companies not allowing stores to charge a fee to consumers if they pay with a credit card but allowing stores to provide a discount to consumers if they pay in cash
Explanation:
The purchase decision process is the decision-making process used by consumers regarding market transactions before, during and after the purchase of a good or service. It can be seen as a particular form of a cost-benefit analysis in the presence of multiple alternatives.
Answer:
Explanation:
B-Quantity of decreased sales day the price of sugar
Answer:
Bring together complimentary skills
Explanation:
Forming strategic alliances is an act of bring together resources in order to gain economies of scale and complimentary skills as well.
This may be particularly necessary when an organization wants to go into a new project but some required resources are in deficient.
It is all about identifying a potential partner that will be able to fill in the void , making proper research to confirm assumptions and observations and subsequently meetings and discussions.