INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The owner-manager’s task is to:
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maximize production to utilize 100% of the business’s capacity.
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produce goods as quickly as possible.
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organize production so as to produce goods efficiently.
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ensure that production satisfies its customers’ demands.
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Explanation:
Detailed explanation-1: -The just-in-time (JIT) inventory system minimizes inventory and increases efficiency. JIT production systems cut inventory costs because manufacturers receive materials and parts as needed for production and do not have to pay storage costs.
Detailed explanation-2: -The correct answer is Option A) A system for providing quantitative, financial information about entities for decision-making purposes.
There is 1 question to complete.