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Discuss Cycle Time (And Its Components) and Its Importance in JIT

question 30

Essay

Discuss cycle time (and its components) and its importance in JIT.


Definitions:

Free Products

Products that are provided to consumers without monetary charge, often used as a business strategy to attract users or customers.

Firms

Businesses or enterprises that engage in commercial, industrial, or professional activities, whether for profit or not.

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Individuals

Single human beings, as opposed to groups or organizations, considered as single entities.

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