JIT Makes Quality Cheaper Because

question 3

Multiple Choice

JIT makes quality cheaper because:

• A)the cost of low quality can be hidden as inventory cost.
• B)JIT adds more buffers to the system.
• C)JIT prevents long runs of defects.
• D)B and C
• E)A,B and C

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Definitions:

Simultaneous Move Game

A type of strategic game in which all players make their decisions at the same time, without knowledge of the other players' choices.

Bargain Hard

Bargain hard refers to the act of negotiating with determination and strategy to achieve the most advantageous terms possible in a deal or transaction.

Sequential Game

A type of game theory scenario where players make decisions one after another rather than simultaneously.

Shopkeeper

A shopkeeper is an individual who owns or operates a retail store, managing the buying, selling, and inventory of goods.