The basic approach of just-in-time costing is to try to eliminate inefficiency and to improve product quality.

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Just-in-time costing is a management technique used to reduce costs and improve overall efficiency by producing goods only when they are needed, avoiding the accumulation of excess inventory. It focuses on delivering products at the right time, in the right quantity, and with the right quality, which ultimately leads to lower costs and higher customer satisfaction. Therefore, the basic approach of just-in-time costing is to eliminate inefficiency and improve product quality.

The Basic Approach of Just-In-Time Costing Is to Try to Eliminate