JIT Is a Manufacturing Approach Focused on Present Demand Rather

question 47

True/False

JIT is a manufacturing approach focused on present demand rather than anticipated demand.

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Definitions:

Future Benefits

The anticipated advantages or improvements in condition and well-being that are expected to occur in the future as a result of certain actions or investments.

Investment Decisions

Choices made by individuals or entities regarding where to allocate resources with the expectation of generating a positive return in the future.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.

Total Investment

The total amount of money invested in assets, projects, or securities by individuals, companies, or governments.