Answer:
Status Symbols
Explanation:
According to Oxford dictionary; a status symbol is "a possession that is taken to indicate a person's wealth or high social or professional status."
Hence status Symbols are external displays of the possessors' wealth and social status. These goods can not be possessed by people who do not belong to that social status or profession.
Answer:
Res ipsa loquitur
Explanation:
_____ is a tort in which the presumption of negligence arises because the defendant was in exclusive control of the situation, and the plaintiff would not have suffered injury but for someone's negligence.
Res ipsa loquitur is a doctrine in law that one can presume the negligence of a defendant when the facts are glaring.The doctrine has primarily required that a defendant have exclusive power over the occurrence of an injury. negligence could result from
1. an actual causal connection between the defendant's conduct and the resulting harm; 2 a duty of care owed by the defendant to the plaintiff; 3 a breach of that duty;
Answer:
Just in time (JIT) inventory management
Explanation:
Just in time (JIT) inventory management is a system created to lower inventory costs and increase manufacturing efficiency. JIT aligns materials and components orders with production schedules in order to reduce inventory levels to the lowest possible level.
It was developed by Toyota in order to reduce the costs of its car manufacturing processes. Once I visited a Toyota pickup factory and it was amazing to see that the whole inventory of finished engines was 4 units, and the factory produced more than 500 pickups per day.
Answer:
U.S. households or firms wishing to purchase foreign goods or assets.
