Just-In-Time Production Is Called a Pull System Because Actual Orders

question 58

True/False

Just-in-time production is called a pull system because actual orders "pull" the goods through the production process.

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Definitions:

Psychic Costs

The mental and emotional energy expended by an individual in the process of decision-making or as a result of stressful economic conditions.

Real GDP

The measure of the value of economic output adjusted for price changes (inflation or deflation), reflecting the real quantity of goods and services produced.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, reflecting the effects of inflation.

Real GDP

The value of all finished goods and services produced within a country's borders in a specific time period, adjusted for inflation.