JIT Suppliers Have Concerns That the JIT Firm's Demands for Small

question 39

True/False

JIT suppliers have concerns that the JIT firm's demands for small lot sizes are simply a way of transferring holding cost from the JIT firm to the suppliers.

---

Definitions:

UCC

The Uniform Commercial Code represents a detailed collection of regulations that manage every commercial transaction across the United States, aiming to standardize the legislation related to sales and various commercial activities.

Sale of Goods

The sale of goods is a commercial transaction where the ownership of tangible personal property is transferred from seller to buyer for a price.

Unilateral Contract

A contractual agreement in which one party makes a promise in return for an act by another party.

Offeror

The offeror is the party in a contract who presents the terms of the offer to another party for acceptance, potentially leading to an agreement.