Match each definition with the appropriate term.

Prompt $1$A production strategy that strives to improve a business return on investment by reducing in$-$process inventory

Answer for prompt $1$ A production strategy that strives to improve a business return on investment by reducing in$-$process inventory

Prompt $2$Money spent to keep and maintain a stock of goods in storage

Answer for prompt $2$ Money spent to keep and maintain a stock of goods in storage

Prompt $3$Maximum that can be produced on a machine or in a facility

Answer for prompt $3$ Maximum that can be produced on a machine or in a facility

Prompt $4$Stock of an item on hand at a particular location or business

Answer for prompt $4$ Stock of an item on hand at a particular location or business

Prompt $5$These items are not yet complete products, rather they are being fabricated or waiting in queue for further processing

Answer for prompt $5$ These items are not yet complete products, rather they are being fabricated or waiting in queue for further processing

Prompt $6$Provides a mechanism for identifying items that will have a significant impact on overall inventory cost

Answer for prompt $6$ Provides a mechanism for identifying items that will have a significant impact on overall inventory cost

Prompt $7$The potential that a chosen action or activity will lead to a loss