Examlex
Which of the following is NOT a characteristic of just-in-time production?
Proportions
The relationship between quantities that defines how much of one thing is present relative to another.
Profit
The profit achieved when the revenue from a business operation surpasses the expenses, costs, and taxes required to maintain it.
Production Function
A mathematical model detailing how inputs are converted into outputs in the production process.
Labor
Human work, encompassing both physical and mental tasks, dedicated to the manufacturing of goods and services.
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