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A) JIT though cuts down inventory at different stages yet it is not just a way to reduce inventory, Rather it is a means of
A) JIT though cuts down inventory at different stages yet it is not just a way to reduce inventory, Rather it is a means of solving problems that block building of an excellent manufacturing organizations. Discuss B) You supply steering wheels to Honda for their existing products. It approaches you to develop and supply the steering wheels of its new product, SUV. It also wants you to invest in the necessary "tools" required for the same and this will involve substantial investment. What can Honda do to reduce transaction costs in this arrangement
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