Characteristics of just-in-time partnerships do NOT include:

Business

1 answer:

kodGreya [7K]3 years ago

7 0

Answer:

Answer is option b i.e. large lot sizes to save on setup costs and to gain quantity discounts.

Explanation:

The just-in-time partnership is a Japanese management strategy that increases efficiency by minimizing the inventory to manufacture products with zero defects. Toyota was the first to use this strategy to increase the quality of the manufactured product by reducing wastes and increasing productivity. This strategy does not include large lot sizes to save on setup costs but rather focuses on buying only the required amount of inventory which is required for the production. Hence, the answer is option b.

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<h3>What is the standard quantity?</h3>

The number of resources that should have been utilized to finish the period's output, as determined by multiplying the actual number of units produced by the standard quantity per unit.
It is calculated by multiplying actual production units by the standard material quantity per unit.
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