Just-In-Time (JIT)methods

question 81

Multiple Choice

Just-in-time (JIT) methods

• A)do not start production until the firm receives an order for the finished product.
• B)do not order raw materials until the firm receives an order for the finished product.
• C)ends production as soon as an order for the finished product is filled.
• D)All of the answers are correct.

Recognize the importance and applications of economic analysis for consumers and society.

Understand the concept of "there is no free lunch" in economics.

Grasp the basic principles of macroeconomic analysis and its focus areas.

Learn how to analyze economic activities using marginal benefit and marginal cost.

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Definitions:

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Wireless Sensors

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