| Glossary of Export Import Trade Terms Starting with - J |
| Words |
Description |
| Joint Venture |
An agreement of two or more companies to pool their resources to execute a well-defined mission. Resource commitments, responsibilities, and earnings are shared according to a predetermined contractual formula. |
| Just In Time (JIT) |
An organization-wide practice that keeps the inventory to the minimum and provides customers the right goods or service at the right time. |
