Which of the Following Is Specifically Characterized by Continuous and Forced

question 31

Multiple Choice

Which of the following is specifically characterized by continuous and forced problem solving via a focus on throughput and reduced inventory?

• A) Just-in-time (JIT)
• B) Toyota Production System (TPS)
• C) Lean operations
• D) Material requirements planning (MRP)
• E) kanban

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Definitions:

Horizontal Mergers

A business consolidation that occurs between firms operating in the same industry, often to increase market share and reduce competition.

Antitrust Laws

Legislation enacted to prevent anti-competitive practices, promote fair competition, and protect consumers from monopolies and cartels.

Vertical Merger

A merger between two companies that operate at different stages of the production process for a specific finished product.

Production Process

The method or sequence of operations involved in the creation of goods and services, encompassing all aspects from raw material to finished product.