ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Answer: Target is a producer and an intermediary. The explanation they are a producer is on the grounds that they are a significant store that produces numerous things.

Detailed explanation-2: -Target is a producer and an intermediary. The company is a producer because it is a huge retailer that produces a variety of products.

Detailed explanation-3: -Target is considered the intermediary between the customer and the manufacturer. Retailers have become larger and as a result, it has become more economical for manufacturers to supply to retailers rather than wholesalers (Management Study, n.d.).

Detailed explanation-4: -Target Value Delivery (TVD) is “a management practice that drives the design [and construction] to deliver customer values within project constraints” (Ballard, 2009). It is an application of Taiichi Ohno’s practice of self-imposing necessity as a means for continuous improvement (Ballard, 2009).