Just-In-Time (JIT) Delivery

question 183

Multiple Choice

Just-in-time (JIT) delivery:

• A) Increases physical distribution costs for business customers.
• B) Requires that a supplier be able to respond to the customer's production schedule.
• C) Usually does not require e-commerce order systems and computer networks.
• D) Means that deliveries are larger and less frequent.
• E) Shifts greater responsibility for physical distribution activities from the supplier to the business customer.

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Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing to buy at a specific price, at a given time.

Own Price Elasticity

A measure of how the quantity demanded of a good responds to a change in the price of that good, keeping other factors constant.

Athletic Shoes

are specially designed footwear aimed at enhancing performance in sports and physical activities.

Puma

A global athletic brand known for its footwear, apparel, and accessories designed for sports and fitness activities.