One Benefit of a Just- In- Time System Is That

question 12

True/False

One benefit of a just- in- time system is that it reduces space requirements.

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Definitions:

Nonrival

A characteristic of a good whereby one person's consumption does not prevent or decrease the ability of others to enjoy it as well.

Private Good

A product or service that is consumed by a single individual or household and cannot be used or consumed by others simultaneously.

Pizza

A popular Italian dish consisting of a usually round, flat base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients, which is then baked at a high temperature.

Nonexcludable Good

A type of good for which it is difficult or impossible to exclude individuals from using, typically leading to free-rider problems.