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Honda Uses Just-In-Time Manufacturing to Build Its Odyssey Minivans

question 66

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Honda uses just-in-time manufacturing to build its Odyssey minivans.Five companies that make component parts for the Honda Odyssey relocated to Southern Ontario when Honda announced plans to build a new Odyssey manufacturing plant in Alliston,Ontario.This relocation in order to provide efficient delivery of goods indicates that Honda is which of the following?


Definitions:

Possess

To have or hold something as one's own, to control or occupy something whether physically or legally.

Ownership

The legal right to possess, use, and dispose of something, encompassing both tangible and intangible assets.

Subrogation

The legal right of an insurance company to pursue a third party that caused an insurance loss to the insured, in order to recover the amount of the claim paid to the insured.

Creditor

An entity or person to whom money is owed by another entity or person.

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