Reducing Distance Is a Common JIT Goal

question 126

True/False

Reducing distance is a common JIT goal.

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Definitions:

Variable Costs

Costs that vary directly with the level of production output, such as raw materials and hourly labor expenses.

Output

The quantity of output generated by an individual, device, or sector.

Total Variable Costs

The sum of expenses that change in proportion to the production volume or level of activities in a business.

Firm Produces

The process where a business uses its resources to create goods or services that can be sold in the market.