The Goal of Lean Production Is to Use the Minimum

question 93

True/False

The goal of lean production is to use the minimum amount of resources necessary to achieve a total bundle of satisfaction for the customer.

---

Definitions:

Conditional Sales Contracts

Agreements where the sale is contingent upon certain conditions, often used in transactions involving goods or property.

Purchased Equipment

Machinery or tools acquired by a business for use in its operations, representing capital expenditure and an enhancement of operational capacities.

Credibility

The quality of being trusted and believed in, often considered crucial for businesses, leaders, and information sources.

Bankers

Professionals who are employed by banks, offering financial services to clients such as loans, deposits, and currency exchange.