Retail stores that dedicate one or more aisles to seasonal items are engaging in ________.
A) just-in-time production
B) production smoothing
C) work in process
D) first degree price discrimination
Question 2
In economies with effective accounting standards and low-cost, reliable information, ________.
A) banks become less dominant among intermediaries
B) the tyranny of collateral is particularly intense
C) funds are available only for activities involving little or no risk
D) restrictive covenants are difficult to enforce
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