________ Was Fundamental in Helping Toyota Reduce Waste

question 24

Multiple Choice

________ was fundamental in helping Toyota reduce waste.

• A) Genichi Taguchi
• B) Kaoru Ishikawa
• C) Shigeo Shingo
• D) Armand Feigenbaum
• E) Philip Crosby

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Definitions:

Revenue Per Mile

A financial metric used primarily in transportation and logistics to measure the amount of income generated for every mile of transportation.

Profit Maximization

The process or strategy of adjusting production and operation inputs to achieve the highest possible profit.

Short-Run Marginal Costs

The cost to produce one additional unit of a good or service in the short run, where at least one input is fixed.

Market Price

The present cost at which a good or service can be purchased or sold in the market.