Toyota Lost Its Competitive Advantage When Lean Manufacturing Became an Industry

question 27

Multiple Choice

Toyota lost its competitive advantage when lean manufacturing became an industry standard as other firms learned about,and utilized this manufacturing process.These firms learned about lean manufacturing due to:

• A) Resource heterogeneity
• B) Knowledge diffusion
• C) Resource immobility
• D) Dynamic mobility

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Definitions:

Unit Increase

A single increment or step up in quantity, size, or number in a given context.

Holding Constant

A method in analysis where certain variables are kept unchanged to isolate the effect of other variables.

Second-order Model

A statistical or mathematical model that includes not only the main effects but also their interactions and quadratic terms, enabling the capture of curvature in the data relationships.

First-order Model

A model in statistical analysis where the current value of a variable is primarily based on its immediate previous value, often used in time series analysis.