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The sampling distribution of
must be a normal distribution with mean = 0 and standard deviation = 1.
Airfreight
Transport of goods by aircraft, a fast but generally more expensive method of shipping goods over long distances.
JIT
Just-In-Time is a management strategy that aligns raw-material orders from suppliers directly with production schedules to minimize inventory costs.
Supply-Chain Strategy
A plan for managing all aspects of a product's supply chain, from raw materials to distribution, to maximize efficiency, reduce costs, and enhance competitiveness.
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