Examlex
Which one is NOT an application of lean principle in services?
Mass Production
The manufacturing of large quantities of standardized products, often using assembly lines or automated technology, to achieve economies of scale.
Mass Marketing
A marketing strategy that aims to appeal to a broad range of consumers by reaching out to large audiences with a uniform message.
Target Marketing
The process of identifying and focusing marketing efforts on a specific segment of the market that is most likely to purchase a product or service.
Finite Population Correction
An adjustment made to the standard deviation or variance formula when sampling from a small or finite population, ensuring more accurate estimates.
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