Lean Production Systems Use Large Batch Sizes to Minimize Setup

question 62

True/False

Lean production systems use large batch sizes to minimize setup times.

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Definitions:

Equilibrium Quantity

Equilibrium Quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance.

Demand Curve

A chart that demonstrates how the demand for a product changes in response to its price during a particular period.

Supply

The overall quantity of a particular product or service accessible to buyers.

Demand Curve

A depiction in graphic form that illustrates the link between the cost of a merchandise and the volume of demand from buyers.