The Benefits of Lean Production Include All of the Following

question 15

Multiple Choice

The benefits of lean production include all of the following except reduced

• A)inventory.
• B)product variety.
• C)pace requirements.
• D)lead times.

---

Definitions:

Welfare Decreasing

A term indicating any policy or action that reduces the overall economic well-being or welfare of individuals or society as a whole.

Marginal Utility

The heightened enjoyment or value gained from the consumption of one more unit of a good or service.

Health Cost

The expenses associated with healthcare services, including prevention, treatment, and rehabilitation.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, leading to a reduction in the per-unit cost of production as the size of the operation grows.