Explain the benefits of JIT.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
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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