_____ Is Normally Used to Classify Countries as Developed or Developing

question 153

Multiple Choice

_____ is normally used to classify countries as developed or developing.

• A) Exchange rates
• B) Interest rates
• C) Gross national product
• D) Per capita income
• E) Inflation rates

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Definitions:

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental enhancements over time.

Kaizen

A Japanese term meaning "continuous improvement," it's a business philosophy focusing on the ongoing improvement of processes in manufacturing, engineering, and business management.

Keiretsu

A network of interlinked Japanese companies, often bound by cross-shareholdings, collaborating closely for mutual benefit.

Kanban

A scheduling system for lean manufacturing and just-in-time manufacturing that signals the need to move materials within a production facility or to move materials from an outside supplier into the production facility.