Examlex
The June precipitation amounts (in inches) for 40 cites are listed below. Construct a frequency distribution anda relative frequency distribution using eight classes.
Just-In-Time (JIT) System
A supply chain management strategy that reduces inventory costs by delivering raw materials and components just as they are needed in the production process.
Sudden Increase In Demand
A rapid and unexpected rise in the desire or need for a specific product or service, which can impact market dynamics.
Long-Term Relationships
Enduring associations between companies and their stakeholders, such as customers or suppliers, typically characterized by trust, loyalty, and mutual benefit over time.
Fixed-Position Layout
An operational strategy where the product remains stationary, and workers, materials, and equipment are moved as needed.
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