Economics · Business Management
Which of the following statements related to Just-in-Time (JIT) Manufacturing are correct? (I) JIT is a demand-pull manufacturing system. (II) It aims to produce high-quality products at the lowest possible cost. (III) It is also known as Clean Production. (IV) JIT system helps in reducing various overhead costs. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(I), (II) and (IV) only✓
- 2(II), (III) and (IV) only
- 3(I) and (III) only
- 4(I), (II) and (III) only
Correct answer
(I), (II) and (IV) only
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