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When a business is able to simultaneously reduce inventory holding costs and increase customer satisfaction by making products available exactly when a customer wants them, it is likely using______________.

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Answer:

The correct answer is letter "B": Just-In-Time inventory management.

Explanation:

Just-in-time (JIT) is a method of supplying goods as close to when they are necessary. This means products arrive for a reselling business shortly before they hit the shelf for consumer purchases. It means components and raw materials arrive for a production business only before they are added to the finished product.

If a company has less inventory in hand, it has more cash and credit available for other purposes.

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