Why Is It Important for a Company to Be (Geographically)close

question 159

Essay

Why is it important for a company to be (geographically)close to its suppliers to implement a JIT inventory control system?

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Definitions:

Internationally Recognized Solution

Solutions or agreements acknowledged and accepted by the global community, often established through international organizations or diplomatic consensus.

National Security Policy

Strategies and measures adopted by a nation to ensure its safety, security, and economic well-being from external and internal threats.

Constitutional Powers

Constitutional powers are the authorities granted to government branches and officials by the Constitution, delineating the scope of their legal actions.

Cold War

A period of geopolitical tension between the Soviet Union and the United States and their respective allies, post-World War II until the dissolution of the Soviet Union in 1991, characterized by propaganda, espionage, and proxy wars.