Post Utme Esut 2024 Commerce Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Esut Commerce examination.

Post Utme Esut 2024 Commerce Objective / Multiple Choice
Question 11 POST_UTME_ESUT • 2024 • COMMERCE • objective

A company specializes in producing and selling a single product. The production process involves three stages: raw material procurement, manufacturing, and packaging. The company uses a just-in-time (JIT) inventory system to manage its inventory levels. Which of the following is a characteristic of the JIT system?

Answer Options

A. High inventory levels
Correct Answer B. Low inventory levels
C. High production costs
D. Low production costs
Correct Answer
B
Correct Option:
Low inventory levels

About This Question

This is Post Utme Esut 2024 Commerce Question 11. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support