A Just-In-Time (JIT)system Is a Demand-Push System

question 40

True/False

A just-in-time (JIT)system is a demand-push system.JIT is a demand-pull system in which materials and products are pulled through the manufacturing system based on customer demand.

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Definitions:

Personal Property

Personal property encompasses movable assets owned by an individual or entity, in contrast to immovable real estate, such as furniture, vehicles, and electronics.

Restitution

The restoration of goods, property, or money to its rightful owner or the compensation for loss, damage, or injury caused.

Specific Performance

Specific performance is a legal remedy in contract law where a court orders a party to perform their obligations under a contract, rather than providing a monetary award for breach of contract.

Valid Tender

An offer of payment meeting the legal requirements to extinguish a debt or obligation.