Production emphasizes production of goods to meet actual current demand, therefore minimizing the need to hold inventories of finished goods and work-in-process.

The correct answer for: production emphasizes production of goods to meet actual current demand, therefore minimizing the need to hold inventories of finished goods and work-in-process. Is: Just in time/ toyota system production.

Explanation:

To understand this answer we need to analyze the context and then explain the answer. First of all, we are talking about a type o production in which goods meet actual current demand minimizing the need to hold inventories of finished goods. So, the system that applies to this is the Just in time production Toyota production system. Which focuses on meeting the required amount of products in the shortest time possible, without leaving any residual products. It was developed in the 1960s and 1970s in Toyota.

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