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What Are the Five Core Components of a Lean Production

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What are the five core components of a lean production system?


Definitions:

Unit Price

The price attributed to an individual unit of a product or service.

Retail Price

The price at which a product is sold to the end consumer, incorporating all costs plus a profit margin.

Simplify

To make something easier to understand or to reduce to a simpler form.

Canadian Dollar

The official currency of Canada, represented by the symbol "$" or the code "CAD".

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