The characteristic of just in time partnerships with respect to suppliers. Introduction: JIT is known as Just in time and is a popular approach which is widely in many industries to cut cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 16, Problem 8DQ

Summary Introduction

To determine: The characteristic of just in time partnerships with respect to suppliers.

Introduction: JIT is known as Just in time and is a popular approach which is widely in many industries to cut cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

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Answer 2

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 16, Problem 8DQ

Summary Introduction

To determine: The characteristic of just in time partnerships with respect to suppliers.

Introduction: JIT is known as Just in time and is a popular approach which is widely in many industries to cut cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 16, Problem 8DQ

Summary Introduction

To determine: The characteristic of just in time partnerships with respect to suppliers.

Introduction: JIT is known as Just in time and is a popular approach which is widely in many industries to cut cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 16, Problem 8DQ

Summary Introduction