Characteristics of JIT Partnerships with Respect to Suppliers Include

question 121

Multiple Choice

Characteristics of JIT partnerships with respect to suppliers include

• A) competitive bidding encouraged.
• B) buyer plant pursues vertical integration to reduce the number of suppliers.
• C) support suppliers so they become or remain price competitive.
• D) most suppliers at considerable distance from purchasing organization.
• E) buyer plant demanding that suppliers relocate their business.

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Definitions:

Competitive Challenges

The obstacles or difficulties faced by organizations in attempting to gain advantage or achieve success in a competitive market.

HR Management

The practice of recruiting, hiring, deploying, and managing an organization's employees, aimed at maximizing employee performance and well-being.

Transnational Strategy

A strategic approach used by multinational corporations that seeks to achieve global efficiency, local responsiveness, and worldwide learning, leveraging global integration and local adaptation.

Scale Economies

Economic efficiencies that arise due to the increased output or size of an operation, leading to a reduction in average costs.