One of the Ways That Just-In-Time (Or JIT) Influences Quality

question 113

True/False

One of the ways that Just-In-Time (or JIT) influences quality is that by reducing inventory, bad quality is exposed.

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Definitions:

Consumer Goods

Consumer Goods are products bought for consumption by the average consumer, distinguishing them from items used in production of other goods or services.

Capital Goods

Long-term assets like buildings, machinery, and equipment used in the production of goods and services.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.

Computer Simulation

The use of computer models to replicate the behavior of complex systems under various scenarios, often for analysis or prediction.