Examlex
What is full employment? What are the different kinds of unemployment? What constitutes the natural (normal) rate of unemployment?
Finished Products
Goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.
JIT Action
An initiative or measure taken to implement Just-In-Time production, aiming to reduce waste by receiving goods only as they are needed in the production process.
Inventory
Inventory is the quantity of goods that a business has on hand, including materials, components, and finished products.
Pull System
A production strategy where processes are initiated by actual demand, aimed at reducing waste in the production process.
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