In the Kanban Formula, the Letter T Represents the Time

question 18

True/False

In the kanban formula, the letter T represents the time it takes to empty a box of parts through building product.

---

Definitions:

Federal Trade Commission

A U.S. federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Antitrust Laws

Legislation designed to promote competition and restrict monopolies by regulating anti-competitive practices.

Economic Efficiency

The optimal allocation of resources to maximize the production of goods and services.

Creative Destruction

A concept in economics which signifies the process by which new innovations lead to the demise of older technologies, leading to economic progress.