If the Goals of JIT Partnerships Are Met, Which of the Following

question 42

Multiple Choice

If the goals of JIT partnerships are met, which of the following is a result?

• A) For incoming goods, receiving activity and inspection are outsourced.
• B) In-transit inventory falls as suppliers are located closer to facilities.
• C) The number of suppliers increases.
• D) In-plant inventory replaces in-transit inventory.
• E) All of the above are consequences of meeting the JIT partnership goals.

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Definitions:

Marketing Purposes

The use of strategies and tactics to identify, create, and maintain satisfying relationships with customers that result in value for both the customer and the marketer.

Good Faith Dispute

A disagreement where both parties have legitimate reasons for their position, implying neither is acting deceptively or maliciously.

Settlement Agreement

A legally binding contract between parties to a dispute, where they agree on the terms to resolve their differences without further litigation.

Legal Obligation

A duty enforced by law, requiring an individual or organization to follow or avoid a specific course of action.