Companies That Implement JIT Purchasing Choose Their Suppliers Carefully and Develop

question 106

True/False

Companies that implement JIT purchasing choose their suppliers carefully and develop long-term supplier relationships.

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Definitions:

Histogram

A graphical representation of the distribution of numerical data, usually showing the frequency of data within certain ranges.

Class Interval

A range of values in a dataset that is grouped together for the purpose of constructing a frequency distribution or histogram.

Frequency Distribution

A summary of data showing the number (frequency) of observations in each of several non-overlapping categories or bins.