Match the descriptions that follow with the corresponding terms.

Descriptions:

1. ______ Inventory system in which goods are manufactured or purchased just as they are needed for sale.
2. ______ A method of allocating overhead based on each product’s use of activities in making the product.
3. ______ Systems that are especially important to firms adopting just-in-time inventory methods.
4. ______ One part of the value chain for a manufacturing company.
5. ______ The U.S. economy is trending toward this.
6. ______ A performance-measurement approach that uses both financial and nonfinancial measures, tied to company objectives, to evaluate a company’s operations in an integrated fashion.

Terms:
  (a) Activity-based costing
  (b) Balanced scorecard
  (c) Total quality management (TQM)
  (d) Research and development, and product design
  (e) Service industries
  (f) Just-in-time (JIT) inventory