A Just-In-Time Operation Seeks to Eliminate All Product Support Functions

question 36

True/False

A just-in-time operation seeks to eliminate all product support functions.

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Definitions:

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

New Capital

Funds or equity obtained by a company for the purpose of furthering its business objectives, or the addition of assets.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Economic Growth

Refers to an increase in a country's output of goods and services over time, typically measured by GDP.