The Customer in a Company That Uses JIT Is Considered

question 117

Multiple Choice

The customer in a company that uses JIT is considered what?

• A) defined as the end user
• B) the customer
• C) the next person or machine to use or further the current process
• D) seldom needed to evaluate the quality of the finished product

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Definitions:

1950s

A decade marked by post-World War II recovery, economic growth, and significant social and cultural changes, including the beginning of the Civil Rights Movement in the United States.

Economics Definition

The study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

Equilibrium

A market phase where demand is matched by supply, which in turn stabilizes prices.

Limited Resources

The scarcity of resources in comparison to the potentially limitless wants and needs, forcing the need for allocation decisions.