Value Stream Mapping Is Used to Identify All of the Value-Adding

question 77

True/False

Value stream mapping is used to identify all of the value-adding as well as non-value-adding processes that materials are subjected to within a plant.

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Definitions:

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Nondiscriminating

Nondiscriminating implies an equal treatment or consideration without bias toward race, gender, age, or other differentiating characteristics.

Prefabricated Garages

Buildings for storing vehicles that are manufactured off-site in advance, usually in standard sections that can be easily shipped and assembled.

Marginal Revenue

The additional revenue that a firm receives from selling one more unit of a good or service.