One Way to Reduce Risks Associated with a JIT Global

question 25

True/False

One way to reduce risks associated with a JIT global supply chain is to source inputs from several suppliers located in different countries.

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Definitions:

Bell Peppers

are a type of large, mild pepper that comes in various colors, including red, yellow, orange, and green, commonly used in cooking for their sweet flavor.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods or services.

Income

The monetary payment received for work or through investments, pensions, or subsidies, used for consumption and saving.

Budget Constraint

A limitation on the consumption choices of individuals based on their income and the prices of goods and services.