JIT Requires Vendors to Be Located Nearby

question 114

True/False

JIT requires vendors to be located nearby. When compared to synchronous manufacturing, this is viewed as an advantage of JIT.

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Definitions:

Individualism

A social and political philosophy that emphasizes the moral worth of the individual over collective or state interests.

Capitalist Economic System

An economic system where private individuals or businesses own capital goods and the production of goods and services is based on supply and demand in the market.

Social Norms

Unwritten rules and expectations for behavior within a society or group, guiding individual actions and interactions.

Division Of Labor

The allocation of different tasks and responsibilities to specific individuals or groups in a society or organization to increase efficiency.