Dale has seen unit production costs increase dramatically over the past few years because of the high interest rates on money borrowed to purchase and store inputs.Which of the following should Dale consider?
A) Management by objectives
B) Participatory management
C) Quality circles
D) Just-in-time inventory systems
E) Computer-assisted manufacturing

Question

Quizplus · Accepted Answer

Just-in-time inventory systems can help reduce the amount of money Dale needs to borrow to purchase and store inputs as it focuses on receiving materials only when they are needed in the production process, reducing the amount of inventory stored and the associated costs. This can help lower unit production costs and mitigate the impact of high interest rates on borrowed funds.

Dale Has Seen Unit Production Costs Increase Dramatically Over the Past