JIT Brings About Competitive Advantage by Faster Response to the Customer

question 10

True/False

JIT brings about competitive advantage by faster response to the customer regardless of cost.

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Definitions:

Decision Rule

A guideline or protocol that dictates the choice among alternatives based on specific criteria, often used in decision-making processes to ensure consistency and rationality.

Internal Situation

Refers to the conditions and factors within an organization that influence its operations, such as employee morale, financial health, and operational efficiency.

External Situation

Factors outside an organization that can affect its performance, including economic conditions, competition, and legal constraints.

Scanning the Situation

The process of carefully examining and assessing the current state or conditions of an environment or situation to identify key elements and challenges.