How Does Adopting a JIT System Affect the Firm's Relationship

question 93

Essay

How does adopting a JIT system affect the firm's relationship with suppliers and how must suppliers change their way of doing business?

Appreciate the role of risk management in early-stage financing.

Learn the significance of choosing appropriate financing strategies, including bootstrapping and seeking external investors.

Value learning from both successful and unsuccessful crowdfunding experiences.

Grasp the essence of investment attraction factors beyond the product itself.

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Definitions:

Norris-LaGuardia Act

A 1932 U.S. federal law that limited the power of federal courts to issue injunctions in non-violent labor disputes, thereby promoting fair labor practices.

Injunctions

Legal orders issued by a court to prevent an action or to force an action to be taken.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Unfair Labor Practice

Describes actions by employers or unions that violate workers' rights and labor laws.