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Scooters Corp. manufactures motorized scooters. Virtually all scooters are sold through direct appeals on the QVC shopping network. Overwhelmed by recent demand, top management is wondering whether a just-in-time production system should be installed. What advantages could the company expect from switching to a just-in-time production system?
Aristotle
An ancient Greek philosopher and polymath whose works cover various subjects including physics, metaphysics, poetry, theater, music, logic, rhetoric, linguistics, politics, government, ethics, biology, and zoology.
Practical Wisdom
Practical wisdom, or phronesis, is an intellectual virtue that involves making prudent judgments and decisions based on ethical considerations and practical understanding of everyday life.
Excellent Character
Possessing outstanding moral or ethical qualities.
Golden Mean
A concept from Aristotelian ethics that represents the desirable middle between two extremes, one of excess and the other of deficiency.
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