Because Most Services Cannot Be Inventoried, There Is Little Place

question 52

True/False

Because most services cannot be inventoried, there is little place for JIT to help service organizations achieve competitive advantage.

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Definitions:

Demand

A schedule of quantities of a good or service that people will buy at different prices; represented by D.

Domestic Interest Rates

The rate of interest charged by banks on loans and offered on deposits within a country's borders.

U.S. Investors

U.S. investors refer to individuals or entities within the United States that allocate capital with the expectation of receiving financial returns, engaging in activities like stock market investment, bonds, real estate, and more.

Foreign Investment

Investment by individuals, companies, or governments in assets or businesses located in another country.