Examlex
When price controls take the form of maximum prices set below the equilibrium price,they are:
JIT
Just-In-Time; an inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
Quality
The degree to which a set of inherent characteristics of a product, service, or process fulfills requirements.
JIT
Just-In-Time, a management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
Low Quality
A term indicating inferiority in performance, durability, or appearance of a product or service relative to expectations or standards.
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