Examlex
Which of the following statements is true about value-based cultures?
Just-In-Time (JIT)
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, delivering materials just when they are needed.
Customer Wants
Specific desires or requirements of consumers that businesses aim to meet with their products or services in order to satisfy and retain their clientele.
JIT Environments
Settings or conditions where Just-In-Time inventory management and production practices are implemented to minimize inventory costs and waste.
Demand Rate
The rate at which goods or services are requested or needed by consumers in a given market or period.
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