A Benefit of Small Lot Sizes in Lean Systems Is

question 62

True/False

A benefit of small lot sizes in lean systems is that each product is produced less frequently.

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Definitions:

Cost Of Goods Sold

The direct expenses tied to the production of goods sold by a company, including material and labor costs.

Average Inventory

The mean value of inventory held over a specific period, calculated to help businesses understand inventory levels and manage stock more efficiently.

Selling Price

The amount of money a buyer pays to purchase a product or service from a seller.