Post Utme Unilag 2017 Commerce Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Unilag Commerce examination.

Post Utme Unilag 2017 Commerce Objective / Multiple Choice

Question 9 POST_UTME_UNILAG • 2017 • COMMERCE • objective

A company is considering implementing a just-in-time (JIT) inventory system. What are the potential benefits and drawbacks of this decision?

Correct Answer A. Benefits: reduced inventory costs, improved efficiency; Drawbacks: increased risk of stockouts, potential quality issues

B. Benefits: improved supply chain management, reduced waste; Drawbacks: higher transportation costs, potential cultural differences

C. Benefits: increased flexibility, improved innovation; Drawbacks: higher costs, potential quality issues

D. Benefits: improved customer service, increased sales; Drawbacks: higher inventory costs, potential quality issues

Correct Answer

Correct Option:

Benefits: reduced inventory costs, improved efficiency; Drawbacks: increased risk of stockouts, potential quality issues

This is Post Utme Unilag 2017 Commerce Question 9. It is one of the objective questions from the 2017 Post Utme Unilag Commerce examination.

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