The JIT Philosophy Recognizes That Inventories Are a Necessary Investment

question 31

True/False

The JIT philosophy recognizes that inventories are a necessary investment

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Definitions:

Location Economies

The cost advantages obtained by a business due to its geographical position or the location of its resources and operations.

Meganational Strategy

A business strategy that seeks to operate and compete across multiple countries and regions, often by adapting products and practices to local conditions while maintaining overarching global standards.

Innovation

Combination of new or existing ideas to create marketable value.

Multidomestic Strategy

A strategy used by companies to tailor products and marketing strategies to suit local preferences and conditions.