In Serving JIT Customers, Business Marketers Find That

question 38

Multiple Choice

In serving JIT customers, business marketers find that:

• A)the typical order size shrinks.
• B)more frequent deliveries are required.
• C)relationships with JIT customers are longer lasting and often formalized with a written contract that may span up to five years.
• D)all of the answer choices.
• E)both more frequent deliveries are required and relationships with JIT customers are longer lasting and often formalized with a written contract that may span up to five years.

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Definitions:

Pay Secrecy

Refers to the extent to which the compensation of any individual in an organization is secret or the extent to which information on compensation is formally made available to other individuals.

Pay Inversion

A phenomenon where newer employees receive higher compensation than their more experienced counterparts due to market rate changes, negotiation, or other factors.

Teamwork

The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Factor-Comparison Method

A job evaluation technique that involves comparing jobs to each other based on factors such as skill and responsibility to determine their relative worth.