Lean Systems Use the Standardization of Components Because Standardization

question 151

Multiple Choice

Lean systems use the standardization of components because standardization:

• A) decreases the demand for each component.
• B) increases repeatability.
• C) increases lot sizes more easily.
• D) decreases repeatability.

---

Definitions:

Willing

Displaying a readiness or preference towards a particular action or decision.

Consumer Surplus

See Buyer Surplus.

Maximum Price

The highest price that can be charged for a good or service, often set by regulatory authorities to protect consumers.

Producer Values

The set of ethical principles and standards that guide the behavior and practices of producers or manufacturers.