What does it mean when an economist says that a consumer has demand for a good or service?

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

Which are the best examples of costs that should be considered when creating a project budget?

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?