Just-In-Time Production May Leave Producers Vulnerable to Supply Disruptions

question 11

True/False

Just-in-time production may leave producers vulnerable to supply disruptions.

---

Definitions:

Scarcity

The fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.

Economic Growth

is an increase in the production of goods and services in an economy over a period of time, often measured by GDP.

Entrepreneurial Ability

is the skill set and initiative to start, manage, and succeed in a new business venture or enterprise.

Resources

refer to assets, materials, or inputs used to produce goods and services, including natural resources, human skills, and capital.