Many of the So-Called New Products That Are Launched Each

question 20

True/False

Many of the so-called new products that are launched each year are in fact line extensions.

---

Definitions:

Kaizen

A Japanese term for 'continuous improvement', focusing on small, incremental changes in processes to improve efficiency and quality.

Small Lot Sizes

Manufacturing or purchasing strategy characterized by producing or acquiring goods in small quantities, which can reduce inventory costs and improve flexibility.

Material Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal processes.

JIT

Just-In-Time; an inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.