In a JIT II System the

question 135

Multiple Choice

In a JIT II system the

• A) in-plant representative replaces the buyer, salesperson, and sometimes the materials planner.
• B) customer need not have close interaction with the supplier.
• C) customer is brought into the plant as an active member of the purchasing department of the supplier.
• D) sales effort of the supplier increases but the cost of materials to the customer decreases.

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Definitions:

Price-earnings Ratio

The price-earnings ratio, or P/E ratio, measures a company's current share price relative to its per-share earnings, indicating the market's valuation of a company's growth potential.

Earnings per Share

A financial metric that calculates the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company's profitability.

Cumulative

Describes something that increases in quantity or effect over time, often in reference to data or statistics that are added together.

Participating

Usually refers to the involvement or engagement in an activity or event, often used in the context of individuals or entities engaging in business operations or investments.