In JIT Partnerships, Suppliers Have Several Concerns

question 43

Multiple Choice

In JIT partnerships, suppliers have several concerns. Which of the following is not such a concern?

• A) desire for diversification
• B) poor customer scheduling
• C) small lot sizes
• D) producing high enough quality levels
• E) customers' infrequent engineering changes

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Definitions:

Economic Conditions

The current state of the economy in a country or region, encompassing factors like inflation rates, unemployment levels, and GDP growth.

Consumer Preferences

The subjective tastes and desires influencing the buying behavior of consumers among different goods and services.

Tariffs

Taxes imposed on imported goods and services to increase their price and protect domestic industries.

Interest Rates

The price paid for borrowing money, usually expressed as a percentage rate over a period of one year.