Select each concept with its best description by selecting its letter in the dropdowns. Focuses on quality throughout the production process. Flexible product designs can be modified to accommodate customer choices. Every manager and employee constantly looks for ways to improve company operations. Reports on financial, social, and environmental performance. Inventory is acquired or produced only as needed. Just-in-time manufacturing 2. Continuous improvements 3. Customer orientation 4. Total quality management 5. Triple bottom line

Selection of Concept with its Best Description:

Concept                                      Best Description

4. Total quality management    Focuses on quality throughout the

                                                   production process

3. Customer orientation            Flexible product designs can be modified                            

                                                   to accommodate customer choices.

2. Continuous improvements   Every manager and employee constantly

                                                   looks for ways to improve company

                                                   operations.

5. Triple bottom line                  Reports on financial, social, and                                    

                                                   environmental performance.

1. Just-in-time manufacturing    Inventory is acquired or produced only

                                                   as needed.

Explanation:

1. Just-in-time manufacturing reduces manufacturing flow times and suppliers' and customers' response times.  The purpose is to reduce waste and continuously improve operations.

2. Continuous improvement is a business approach that focuses on incremental or breakthrough improvement of processes, services, or products.

3. Customer orientation: An organization that has customer orientation focuses on the customer first and tries to satisfy the customer before meeting its own needs.

4. Total quality management: This is a management strategy whereby all members of the organization improve customer services, processes, products, and organizational culture in order to achieve long-term success.

5. Triple bottom line (TBL): To create greater business value, some organizations adopt the TBL performance evaluation framework, with a focus on social, environmental (or ecological) and financial performance.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total