Question $24$

Match the following terms with the appropriate definition.

Products in the process of being

manufactured but not yet complete.

Goods a company acquires to use in

making products.

A model whose goal is to eliminate

$[$ Choose $]$

Customer orientation

Process inventory

Lean business model

Prime cost

Raw materials inventory

waste while satisfying the customer and

$[$Choose$]$

providing a positive return to the

company.

$4.$The idea that employees understand

the changing needs and wants of their

customers and align their management

and operating practices accordingly.

$5.$Expenditures directly associated with

the manufacture of finished goods;

includes direct materials and direct labor.