One Could Argue That Regional and Global Integration Are Not

question 26

True/False

One could argue that regional and global integration are not complements,but substitutes to economic development of a particular region.

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Definitions:

Lean Operations

A business methodology that focuses on minimizing waste and maximizing value in the production process through continuous improvement and responding to customer demands.

Work Centre

A specific location where work is performed, characterized by certain capabilities, resources, and capacities.

Kanban

The Japanese word for card, which has come to mean “signal”; a kanban system moves parts through production via a “pull” from a signal.

Safety Stock

Additional inventory maintained to mitigate the risk of stockouts due to uncertainties in demand or supply chain disruptions.