JIT Brings About Competitive Advantage by Faster Response to the Customer

question 10

True/False

JIT brings about competitive advantage by faster response to the customer regardless of cost.

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Definitions:

Government Imposes

Refers to regulations, taxes, or policies that a government enforces to influence economic or social outcomes.

Price Ceiling

A maximum price that sellers may charge for a good, usually set by government.

Government Setting

The environment and conditions created by governmental policies, laws, and regulations.

Price Of Pencils

The amount of money required to purchase a pencil, determined by factors such as production costs, demand, and supply.