Greg owns a furniture business and produces only enough goods to meet the current demand. This helps him save inventory costs. In this context, Greg uses just-in-time (JIT) production.

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Just-in-time (JIT) production is a strategy where a business only produces enough goods to meet current demand, helping to save inventory costs. Greg's approach of producing only enough goods to meet current demand is consistent with JIT production.

Greg Owns a Furniture Business and Produces Only Enough Goods