What method of production eliminates the need for inventories because no production takes place until the firm knows that it will sell the item?

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Just-in-time is a method of production where the production process does not begin until an order has been received. Therefore, there is no need to keep inventories on hand because production only takes place when the firm knows that it will sell the item. This allows for a more efficient use of resources and reduces the risk of holding onto excess inventory.

What Method of Production Eliminates the Need for Inventories Because