When a Company Participates in Lean Thinking They Evaluate Current

question 96

Multiple Choice

When a company participates in lean thinking they evaluate current practices to

• A)do minimal work with highest attention and care for details.
• B)deliver the best customer service while compromising on volume and quantity.
• C)create quality products and services using maximum resources.
• D)do more with less effort,time,space,and equipment.
• E)discourage training and quality programs.

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Definitions:

Available Supply

The quantity of goods or materials in stock that is ready to be sold or distributed.

Maximize Profits

Maximizing profits is the strategic goal of increasing a company's earnings to its highest possible level by optimizing revenue streams and reducing costs.

Differential Pricing

The strategy of selling the same product to different customers at different prices.

Total Cost

The complete cost of production or service delivery, including direct, indirect, fixed, and variable costs.