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FSOT Full Test Bank

Category - Management

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Which business strategy relies on production that adjusts to meet immediate market demand to reduce the costs associated with idle workers and facilities?

Industrial production
Just-in-time production
Last-in, first-out production
Streamlined production

Explanation

Answer: B - This strategy is called just-in-time production. This strategy relies on highly dependable processes to cut overhead, giving the company a competitive advantage.

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