Question: 1. One advantage of Just-In-Time (JIT) management of stocks isa. it reduces the need to plan and organizeb. it removes the need for delivery Quality Controlc. it reduces the costs of holding stock within the factoryd. it works very well with competitive tendering
2. 'Kaizen' isa.
a word meaning 'continuous improvement'
b. a method of stock controlc a modern way of operating a production lined. another word for Quality Circles
3. A firm is productively efficient whena. it is producing its product or service at the lowest unit cost that it can.