Examlex
Explain the relationship between net exports and net foreign investment.
Just-In-Time System
The Just-In-Time System is an inventory management philosophy aimed at decreasing waste and increasing efficiency by receiving goods only as they are needed in the production process, thereby reducing inventory costs.
Inventories
Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.
Production Lead Times
The total time it takes from the initiation to the completion of a production process, including both processing and waiting times.
Break-Even Time
The period it takes for a business or project to recoup its initial investment and start generating a profit.
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