1. ______ Inventory mechanism in which goods are made or purchased just as they are necessary for sale.

You are watching: Inventory system in which goods are manufactured or purchased just as they are needed for sale.

2. ______ A approach of allocating overhead based on each product"s usage of activities in making the product.

3. ______ Solution that are specifically necessary to firms adopting just-in-time inventory approaches.

4. ______ One component of the value chain for a production firm.

5. ______ The U.S. economic situation is trfinishing toward this.

6. ______ A performance-measurement method that offers both financial and also nonfinancial procedures, tied to firm missions, to evaluate a company"s operations in an integrated fashion.

Terms:

(a) Activity-based costing

(b) Balanced scorecard

(c) Total high quality administration (TQM)

(d) Research and advancement, and product design

(e) Service industries

(f) Just-in-time (JIT) inventory


Jan 27 2021 07:15 PM

1 Approved Answer


*

Manish D answered on January 29, 2021
5 Ratings, (15 Votes)
1. Just in time(JIT) Inventory device in which items are made or purchased simply as they are necessary for sale. 2. Activity Based Costing A approach of allocating overhead based on each product"s use of activities in making the product. 3. Total Quality Management Equipment that are particularly crucial to firms adopting just-in-time inventory techniques. 4. Research and also development and also product architecture One component of the value chain...
or a manufacturing firm. 5. Service Industry The UNITED STATE economic situation is trfinishing towards this. 6. Balances Score Card A performance-measurement strategy that uses both financial and nonfinancial steps, tied to firm goals, to evaluate a company"s operations in an integrated fashion.
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