Question

Mr. Chase has opened a custom furniture business and is concerned about the costs associated with storing raw materials, machinery, and finished products. Mr. Chase should consider using a method of production known as just-in-time (JIT) production to help control his inventory costs

Indicate whether the statement is true or false.

Answer 1

True

Step-by-step explanation:

Just In Time Production keeps Inventory Levels at minimum by requiring the Company to hold only the inventory that is required by a particular production .This method opposes keeping of Inventory for production which has not been commenced.