Which One of the Following Is Not a Characteristic of JIT

question 48

Multiple Choice

Which one of the following is not a characteristic of JIT systems?

• A) strong job specialization
• B) empowerment of employees
• C) training
• D) on time quality deliveries

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Definitions:

Shortage of Strawberries

A situation where the demand for strawberries exceeds the supply available in the market, often leading to increased prices and unmet consumer demand.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar enough to be considered substitutes.

Shortage

A market condition where the demand for a product exceeds the supply of that product, often leading to higher prices.

Effective Price Ceiling

A government-imposed limit on how high the price of a product can be charged, set below the market equilibrium to be effective.