Glossary

Jeito

The way of somehow getting things done in Brazil; the jeito can help conquer seemingly insurmountable tasks (Portuguese).

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.

Jurisdiction

The right of an authority to apply the law in a given territory.

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.