Toyota's Lean Production System Is the Basis of Its Competitive

question 48

True/False

Toyota's lean production system is the basis of its competitive advantage.

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Definitions:

Market for Risk

A financial market where individuals and institutions trade financial instruments to manage risk exposure.

Risk Reduction

Strategies or actions taken to minimize the potential for loss or harm in investment, business operations, or other areas of concern.

Probability

The probability or possibility of a particular event happening.

Investing

The act of allocating resources, usually money, with the expectation of generating an income or profit.