A(n) __________ Is a JIT Concept That Results in Material

question 103

Short Answer

A(n) __________ is a JIT concept that results in material being produced only when requested and moved to where it is needed just as it is needed.

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Definitions:

Strategic Planning Pitfall

A common error or mistake made during the strategic planning process that can lead to unsuccessful outcomes or failure to achieve desired goals.

Corporate Culture

The shared values, beliefs, ethics, and practices that characterize an organization and guide its employees' behavior.

Environmental Opportunities

Circumstances in the external environment that a business can leverage to its advantage for growth or improvement.

Product Life Cycle

Product life cycle is the series of stages a product or service goes through in the ‘life’ of its marketability.