Economics · Inventory Management
Given below are two statements: Assertion A: Just-in-Time (JIT) is an inventory management technique in which the carrying cost of goods is minimized. Reason R: Just-in-Time (JIT) is a cost control technique in which there is no need to store a large stock of goods. In the light of the above statements, choose the most appropriate answer:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is not correct but R is correct
- 2A is correct but R is not correct
- 3Both A and R are correct but R is NOT the correct explanation of A
- 4Both A and R are correct and R is the correct explanation of A✓
Correct answer
Both A and R are correct and R is the correct explanation of A
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