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Describe just-in-time (JIT)inventory systems.
Profitable Use
The application of resources in a manner that generates a financial gain or benefit to the user or owner.
Shortage
A situation where the demand for a product or service exceeds its supply in a market.
Quantity Supplied
The amount of a good or service that producers are willing to sell at a given price over a specific period.
Inventories
Quantities of goods or materials on hand or in the process of being produced for sale.
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