Answer:
The Act was introduced to: promote a fair and non-discriminatory marketplace for access to consumer credit
Explanation:
The National Credit Act was enacted on the premise that consumers need to be protected from this practice. The Act thus exerts pressure on the credit lenders to assess the consumer's ability to repay, disclose the cost of credit, as well as setting limit on interest that can be charged.
It will result in an increase in average inventory as larger batches require more time to be completed.
<h3>What is Operations Management?</h3>
Operations management (OM) is the management of business practices within an institution to achieve the highest level of efficiency possible. It is involved with converting materials and labor as efficiently as feasible into goods and services in order to maximize an institution's profit.
<h3>What are the 3 types of operations management?</h3>
- Product design and product.
- Planning and managing of manufacturing facilities.
- Purchasing/procurement.
- Forecasting.
- Capability planning.
- Inventory control.
- Quality control.
- Delivery to clients.
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<span>b. he/she is not making good use of scarce resources</span>
The means that involves creating a video, email, mobile message, advertisement, or another marketing event that is so infectious that customers will seek it out or pass it along to their friends is Viral Marketing.
<h3>What do you mean by marketing?</h3>
Marketing refers to the activities undertaken by a company for promoting the buying or selling of a product.
Viral marketing refers to spreading information about any product or service from person to person by word of mouth or sharing via the internet or email.
Viral marketing will increase a company's reach and customer base.
Therefore, viral marketing is the correct choice.
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