Examlex
Solve the problem.
-six painters can paint three rooms in 4 hours. How many rooms can a painter paint in 1 hour?
Inventory Control
The management and optimization of the purchasing, storing, and selling processes of a business's inventory.
Lean Business Model
Lean Business Model is a strategic approach focused on creating more value for customers with fewer resources, by minimizing waste and optimizing efficiency.
Continuous Operations
The assumption that a business will continue its operations into the foreseeable future, not intending to nor expecting to go bankrupt or to significantly alter its operations.
Just-In-Time
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.
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