A JIT System

question 13

Multiple Choice

A JIT system

• A)increases inventory turnover.
• B)reduces inventory holding costs.
• C)decreases total labor costs.
• D)increases buffer stock of inventory.

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Definitions:

Consummate Love

A form of love characterized by the presence of intimacy, passion, and commitment, as described in Robert Sternberg's triangular theory of love.

Romantic Love

A deep emotional, sexual, and affectionate attraction coupled with a commitment to a relationship with a particular person.

Companionate Love

A deep and enduring form of love characterized by emotional intimacy, commitment, and shared values, typically observed in long-term relationships.

Marketing Concept

A management orientation that suggests the satisfaction of customer needs and wants is the key to a company's survival and growth.