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:

Navigate Novel Situations

The ability to understand, manage, and adapt to new and unknown circumstances effectively.

Vernon's Hierarchal Model

A psychological theory that organizes intelligence into a hierarchy, with g (general intelligence) at the top, followed by two major group factors of verbal-educational and spatial-mechanical abilities.

Intelligence

The ability to learn from experience, solve problems, and use knowledge to adapt to new situations.

Verbal-Numerical

Relating to or involving both words and numbers, often in the context of testing or assessments that measure verbal and mathematical abilities.