When Implemented as a Comprehensive Operations Strategy, JIT, TPS, and Lean

question 70

True/False

When implemented as a comprehensive operations strategy, JIT, TPS, and lean systems sustain competitive advantage and result in increased overall returns.

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Definitions:

U.S. Antitrust Laws

Laws implemented to prevent anticompetitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Foreign Corrupt Practices Act

A U.S. law passed in 1977 aimed at preventing companies from bribing foreign officials to gain a business advantage.

American Company

A business organization that is registered and operates in the United States, adhering to the laws and regulations of the country.

Foreign Official

A representative or an employee of a government or governmental body of another country.