Explain the benefits of JIT.
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 19Q: What is the basic benefit of using IRR?
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Explain the benefits of JIT.
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Just-in-time manufacturing system: Just-in-time (JIT) manufacturing system is an approach to manufacturing that eliminates and reduces the non-value-added activities and it concentrates on both product quality and efficiency.
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