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When Contrast with MRP Systems,JIT Systems

question 35

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When contrast with MRP systems,JIT systems:


Definitions:

Part-time Staff

Employees who work less than the standard full-time hours, typically offering flexibility and reduced hours.

Full-time Employees

Workers who are considered permanent staff and typically work a standard workweek.

Economic Downturns

Periods when an economy experiences a decline in financial performance, marked by decreased industrial activity, consumer spending, and increased unemployment.

Global Customers

Individuals or businesses around the world who purchase goods or services from a company, highlighting the reach of businesses beyond local or national markets.

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