The Genfin Company does not want to pay for warehouse space for the parts it needs to assemble its products. It has arranged with all of its suppliers to deliver the parts on a precise timetable, with the times varying somewhat with Genfin's production schedule. This arrangement is an example of
a. pirate capitalism
b. just-in-time delivery
c. macroplanning
d. continuous improvement
e. total quality management
Question 2
The cost of manufactured goods has risen and the costs of raw materials have dropped, with the result for the developing countries that
a. transfer prices have risen.
b. exports have declined.
c. average wages have risen.
d. the countries are heavily in debt.
e. import substitution has occurred.
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