Which of the Following Is Characteristic of Lean Operations

question 96

Multiple Choice

Which of the following is characteristic of lean operations?

• A) inventory buffers between each workstation to minimize system downtime
• B) easy, mindless jobs
• C) specialty workers with no cross-training
• D) low space requirements
• E) no supplier partnerships

---

Definitions:

Price Elasticity

An evaluation of how the requested quantity of a merchandise alters in response to price adjustments.

Perfectly Inelastic

A market condition where the quantity demanded does not change as the price changes.

Price Elasticity

A measure of how sensitive the quantity demanded of a good is to a change in its price.

Consumer Purchases

This term refers to the buying of goods and services by consumers for their personal use.