Just-In-Time (JIT) Systems Need Close Relationships with Suppliers

question 51

True/False

Just-in-time (JIT) systems need close relationships with suppliers.

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Definitions:

Hot Dog

A cooked sausage, traditionally grilled or steamed and served in a sliced bun as a fast-food.

Price

The quantity of cash forecasted, demanded, or paid in return for an item.

Entire Income

The total amount of income received from all sources before any deductions, taxes or expenses are subtracted.

Units

A standard or basic quantity into which an item of supply is divided, issued, or used.