A Major Advantage of a Just-In-Time Inventory System Is That

question 231

True/False

A major advantage of a just-in-time inventory system is that it reduces costs and the effort for both the producer and its suppliers.

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Definitions:

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Conversational Approach

A style of communication that is informal, interactive, and based on the principles of natural, spontaneous dialogue.

Social Media

Digital platforms and technologies that enable users to create, share content, or participate in social networking.

EMG

Electromyography, a diagnostic procedure to assess the health of muscles and the nerve cells that control them.